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The Analysis Of Labor Market Efficiency: A Comparative Analysis Of Maine And The United States, Sarah M. Welch
The Analysis Of Labor Market Efficiency: A Comparative Analysis Of Maine And The United States, Sarah M. Welch
Honors College
The purpose of this research is to analyze the change in the labor market efficiency from before to after the great recession and its effect on economic output following the recession. Concerns have been raised about the adjustment of the labor market compared to the recovery of other economic indicators. Influenced by the methods of Blanchard and Diamond (1989) and Dixon et al. (2014), the Beveridge curve and matching function are used to estimate and observe changing labor market dynamics through the relationship between unemployment and job vacancies.
This thesis finds that labor markets for both Maine and the United …