Robert E. Hall - Selected
Publications
2000-Present
The Limited Influence of Unemployment on the Wage Bargain (with Paul R. Milgrom), forthcoming in American Economic Review, September 2008
(PDF 312 kb). Data.
How Much Do We Understand about the Modern Recession? Brookings Papers on Economic Activity, 2007, 2, pp. 13-28 (PDF 153 kb). Data.
Review of Michael D. Whinston’s Lectures on Antitrust Economics, forthcoming
in Journal of Economic Literature,
December 2007.
The Value of Life and the Rise in
Health Spending (with Charles I. Jones), Quarterly Journal of
Economics, February 2007, 122(1), pp. 39-72.
The Macroeconomy
and Determinants of the Earnings of Less-Skilled Workers, in R. Blank, S. Danziger, and R. Schoeni (eds.), Working
and Poor: How Economic and Policy Changes Are Affecting Low-Wage Workers,
Russell Sage Foundation, 2006, pp. 89-112.
Data .
Job Loss, Job Finding, and
Unemployment in the U.S. Economy over the Past Fifty Years, NBER Macroeconomics Annual, 2005, pp.
101-137. Data (16,000 kb).
Separating the Business Cycle
from Other Economic Fluctuations, in The Greenspan Era: Lessons for the
Future, Federal Reserve Bank of
Employment Efficiency and Sticky Wages: Evidence from
Flows in the Labor Market, Review of Economics and
Statistics, August 2005, 87(3), pp. 397-407. Data.
Employment Fluctuations with
Equilibrium Wage Stickiness, American Economic Review, March 2005, 95(1),
pp. 50-65. Data.
Measuring
Factor Adjustment Costs, Quarterly Journal of Economics, August 2004,
119(3), pp. 899-927. Data.
Modern Theory of Unemployment
Fluctuations: Empirics and Policy Applications, AER Papers and
Proceedings, May 2003, 93(2), pp. 145-150.
Controlling the Price Level, Contributions
to Macroeconomics, 2002, 2(1), article 5.
The Stock Market and Capital
Accumulation, American Economic Review, December 2001,
91(5), pp. 1185-1202. Data appendix.
Struggling
to Understand the Stock Market (the Richard T. Ely Lecture), American Economic Review Papers and
Proceedings, May 2001, 91(2), pp. 1-11.
e-Capital: The Link between the Labor
Market and the Stock Market in the 1990s, Brookings Papers on Economic Activity 2000, 2, pp. 73-118.
Toward a Quantification of the
Effects of Microsoft’s Conduct (with Chris E. Hall), American Economic Review
Papers and Proceedings, May, 2000, 90(2), pp. 188-191.
Reorganization, Carnegie-Rochester
Conference Series on Public Policy, June 2000, pp. 1-22.
1990s
Why Do Some Countries Produce So
Much More Output per Worker than Others? (with
Charles I. Jones), Quarterly Journal of Economics, February 1999,
114(1), pp. 83-116, February 1999. Data sets.
Labor-Market Frictions and Employment Fluctuations, in John Taylor
and Michael Woodford (eds.) Handbook of Macroeconomics, 1999,
North-Holland, pp. 1137-1170.
Irving Fisher’s Self-Stabilizing
Money,
American Economic Review Papers and Proceedings, May 1997, 87(2), pp.
436-438.
Levels of Economic Activity across Countries, (with Charles I.
Jones), American Economic Review Papers and Proceedings, May 1997, 87(2),
pp. 173-177.
Potential Disruption from the Move to a Consumption Tax, American
Economic Review Papers and Proceedings, May 1997, 87(2), pp.
147-150.
Macroeconomic
Fluctuations and the Allocation of Time, Journal of Labor Economics,
January 1997, 15 (1), pp. S223-S250.
The Effects of Tax Reform on
Prices and Asset Values, in Tax Policy and the Economy, National Bureau
of Economic Research, James Poterba (ed.), vol. 10,
MIT Press, 1996, pp. 71-88.
Productivity and the Density of
Economic Activity (with Antonio Ciccone), American
Economic Review, March 1996, 86(1), pp. 54-70.
Lost
Jobs,
Brookings Papers on Economic Activity, 1995, 1, pp. 221-256.
Reference Guide on Estimation of
Economic Losses in Damages Awards (with Victoria A. Lazear), Reference Manual on Scientific Evidence,
The Value and Performance of U.S.
Corporations (with Bronwyn H. Hall), Brookings Papers on
Economic Activity, 1993, 1, pp. 1-34.
Labor Demand, Labor Supply, and Employment Volatility, NBER
Macroeconomics Annual, 7(1), 1991, pp. 17-46.
Substitution over Time in
Consumption and Work, in L. McKenzie and S. Zamagni
(eds.), Value and Capital Fifty Years Later, MacMillan, 1991, pp.
239-267.
Invariance Properties of Solow’s
Productivity Residual, in Peter Diamond (ed.), Growth/
Productivity/Unemployment: Essays to Celebrate Bob Solow’s Birthday,
1990, MIT Press, pp. 71-112.
1980s
The Relation between Price and
Marginal Cost in U.S. Industry, Journal of
Political Economy, October 1988, 96(5), pp. 921-947.
Intertemporal Substitution in Consumption, Journal of
Political Economy, April 1988, 96(2), pp. 339-357.
The Excess Sensitivity of Layoffs
and Quits to Demand (with Edward Lazear), Journal of Labor
Economics, 1984, 2(2), pp. 233-257.
Optimal Fiduciary Monetary Systems, Journal of
Monetary Economics, July 1983, 12(1), pp. 33-50.
The Importance of Lifetime Jobs
in the U.S. Economy, American Economic Review, September 1982,
72(4), pp. 716-724.
The Sensitivity of Consumption to
Transitory Income: Estimates from Panel Data on Households (with Frederic Mishkin), Econometrica,
March 1982, 50(2), pp. 461-481.
Labor Supply and Aggregate
Fluctuations, in Carnegie-Rochester Conference Series on
Public Policy, 1980, 12, pp. 7-33.
1970s
Efficient Wage Bargains under
Uncertain Supply and Demand (with David Lilien), American
Economic Review, December 1979, 69(5), pp. 868-879.
A Theory of the Natural
Unemployment Rate and the Duration of Employment, Journal of
Monetary Economics, April 1979, 5(2), pp. 1-17.
Stochastic Implications of the
Life Cycle-Permanent Income Hypothesis: Theory and Evidence, Journal of Political
Economy, December 1978, 86(6), pp. 971-987.
An Aspect
of the Economic Role of Unemployment, from Microeconomic Foundations of Macroeconomics, 1977.
Estimation and Inference in
Nonlinear Structural Models (with
The Specification of Technology
with Several Kinds of Output, Journal of
Political Economy, July-August 1973, 81(4), pp. 878-892.
Wages, Income, and Hours of Work
in the U.S. Labor Force, in H. Watts and G. Cain, Income Maintenance and
Labor Supply: Econometric Studies, Rand McNally, 1973, pp. 102-162.
Turnover in the Labor Force, Brookings Papers on Economic Activity,
1972, 3, pp. 709-756.
The Dynamic Effects of Fiscal
Policy in an Economy with Foresight, Review of Economic Studies, April 1971,
38(114), pp. 229-244.
The Measurement of Quality Change
from Vintage Price Data, in Zvi Griliches
(ed.), Price Indexes and Quality Change,
Why Is the Unemployment Rate So
High at Full Employment? Brookings Papers on Economic Activity, 1970,
3, pp. 369-410.
1960s
Consumption Taxes versus Income
Taxes: Implications for Economic Growth, in Proceedings
of the 61st Annual Conference on Taxation, National Tax Association, 1968,
pp. 125-145.
Technical Change and Capital from
the Point of View of the Dual, Review of Economic Studies, January 1968,
35(101), pp. 35-46.
Tax Policy and Investment
Behavior (with Dale W. Jorgenson), American Economic Review,
June 1967, 57(3), pp. 391-414. Reply and Further Results, American Economic
Review, June 1969,
59(3), pp. 388-401.
Books:
Digital Dealing: How eMarkets are Transforming the
Economy. 2002, Norton.
Economics: Principles and Applications (with Marc Lieberman)
South-Western, 1997, second edition 2000
Booms and Recessions in a Noisy
Economy, Arthur Okun Memorial Lectures, Yale University
Press, New Haven, Connecticut, 1991.
The Rational
Consumer: Theory and Evidence, Chapter 1, A
Theory of Inheritance, MIT Press,
Macroeconomics (with John Taylor), W.W. Norton,
1986. Second edition, 1988. Third
edition, 1991. Fourth edition, 1993. Fifth edition, 1997.
The Flat Tax (complete text can be
downloaded) (with Alvin Rabushka), Hoover Press,
1985. Second edition, 1995.
Low Tax, Simple Tax, Flat Tax (with Alvin Rabushka),
McGraw-Hill, 1983.
Inflation: Causes and
Effects,
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P. S: See also “The Postcard Tax Return,” especially if you are working on your 2006 taxes..
7/24/07