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Full-Text Articles in Macroeconomics
Analysis Of U.S. Labor Market Matching Efficiencies And New Hires Rates By Gender And State, Mary K. Klinko
Analysis Of U.S. Labor Market Matching Efficiencies And New Hires Rates By Gender And State, Mary K. Klinko
Electronic Theses and Dissertations
The first section of this thesis investigates the primary dynamics and trends of the labor market matching efficiency over time. Instead of utilizing the aggregate U.S. matching efficiency in our analysis, we instead use state-level data to create a measure of matching efficiency for each U.S. state in our panel dataset. We also utilize two empirical models: a “base” model, which covers the entire time period of analysis from 2001 to 2021, and a “pandemic” model, which focuses specifically on the time period the COVID-19 pandemic was present in the U.S. The base model attempts to control for supply-side childcare …
A Macroeconomic Investigation Of The Labor Market Matching Efficiency, Sarah M. Welch
A Macroeconomic Investigation Of The Labor Market Matching Efficiency, Sarah M. Welch
Electronic Theses and Dissertations
The first section of this research explores how traditional measures of unemployment can mask important changes in the labor market across the business cycle. We therefore use broader definitions of unemployment to estimate time-varying job-matching efficiency rates that are consistent with vacancies and hiring activity data for the U.S. Our efficiency rates are then modeled along with employment data to study their dynamic, non-linear relationship. We find that including part-time workers for economic reasons as well as marginally attached workers helps explain the changes in employment patterns observed after the global financial crisis, emphasizing the importance of accounting for underemployment, …