Robert E. Hall’s research while affiliated with Stanford University and other places

... In either case, our DiD estimates indicate that social distancing policies contributed substantially to recent job losses in addition to the economic slowdown caused by the threat of the virus itself, and it is now clear that state reopenings have not fully reversed economic losses associated with the Spring 2020 shutdowns. Studies find that official state reopenings at the end of April-early May 2020 have contributed a modest 0%-4% increase in employment and slowed down further job losses among those employed (Cheng et al., 2020;Chetty et al., 2020;Hall & Kudlyak, 2020). Moreover, many of those who were reemployed appear to have returned to their previous employment, with the rate of reemployment decreasing with time since job loss. ...

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Effects of social distancing policy on labor market outcomes

... Our paper also speaks to the literature on the aggregate and cyclical effects of temporary layoffs, like Gertler et al. (2022) or Hall and Kudlyak (2022). 7 As these authors suggest, temporary 4 For example, Arranz et al. (2018) find that short-time work measures during the Great Recession saved some jobs in Spain, though the effect was small given that very few firms adopted this job retention program. ...

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Labor reallocation effects of furlough schemes: Evidence from two recessions in Spain

... Personal financial pressures reduce consumer expenditure, which may cause recessions. Long-term unemployment can damage mental and physical health, skills, and the economy Hall & Kudlyak (2020). ...

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ENTREPRENEURSHIP AS A CATALYST FOR EMPLOYMENT: NAVIGATING THE UNEMPLOYMENT CHALLENGE IN LEBANON’S PRIVATE SECTOR

... Personal financial pressures reduce consumer expenditure, which may cause recessions. Long-term unemployment can damage mental and physical health, skills, and the economy Hall & Kudlyak (2020). ...

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ENTREPRENEURSHIP AS A CATALYST FOR EMPLOYMENT: NAVIGATING THE UNEMPLOYMENT CHALLENGE IN LEBANON'S PRIVATE SECTOR Corresponding Author

... In Europe, these appeared for the second and third quarter of 2020 almost stable with respect to the pre-pandemic period, 8 while undergoing wild up and downs in the USA. In the latter country, the fact that the rate of unemployment exploded to 14.8 percent in April 2020 while steadily decreasing in the following months (for example it was 6.9 in October and 6.7 in November, according to BLS data), has soon induced some authors (Hall and Kudlyak, 2020;Gallant et al, 2020) to maintain that the dramatic increase in unemployment consisted mainly of temporary lay-offs and was to be soon re-absorbed almost entirely. 9 However, the second quarter of 2020 has been also characterized by sharp falls in participation rates and generalized reductions in working hours. ...

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The Updated Okun Method for Estimation of Potential Output with Broad Measures of Labor Underutilization: An Empirical Analysis *

... Duration. Hall and Kudlyak (2021) find that recoveries from unemployment shocks regularly occur following a proportional factor ρ ∈ (0, 1) -that is, given an initial employment shock x 0 , thereafter x t+1 = x t × ρ. Based on employment data from across the OECD, 27 we calculate a proportional factor of ρ = 0.7143 (see Web Appx. ...

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Scars of pandemics from lost schooling and experience: aggregate implications and gender differences through the lens of COVID-19

... Amid prevailing circumstances and crises, the number of unemployed engineers is on the rise globally (Hall and Kudlyak, 2020). However, until 2017, universities worldwide continued to graduate from a significant number of engineers (Y. ...

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The Role of Technological Advancements in Learning Entrepreneurial Competencies for Engineering Students in Higher Education

... It is always better to be contented with the speed the business take. This finding is in line with the previous studies in the literature that impatience of the entrepreneur results in an incorrect assessment of investment and they tend to make short-run trade-offs rather than long-term (Tella and Hall, 2020). Impatience can lead to hasty conclusions and eventually result in the self-sabotage of the start-up (Wood and Bakker, 2018). ...

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Effectiveness of web-based learning environment: role of intrinsic learning motivation, computer self-efficacy, and learner engagement

... These issues include the large volatility of unemployment relative to wages (Adjemian et al., 2021); the pattern of recovery from deep and shallow recessions (Hall and Kudlyak, 2021); the negative relationship between the duration of unemployment and the job finding rate of unemployed workers, and the impact of job loss of subsequent earnings (Gregory et al., 2021); and the slope of the Phillips Curve and the equilibrium rate of unemployment (Abriti and Consolo, 2022). These models all assume there are differences in productivity between otherwise identical workers 1 . ...

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Heterogeneity in the UK Labour Market: Using Machine Learning To Test Macroeconomic Models

... The persistent influence of early infection rates outweighed contemporaneous effects and contributed to larger year-overyear employment reductions in very large MSAs through September and October 2020. The persistent effects may reflect some combination of reduced labor demand, reduced labor supply, and labor market frictions that prevent quick employer-employee re-matching during the economic recovery (Hall & Kudlyak, 2021). ...

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Employment impacts of the COVID‐19 pandemic across metropolitan status and size