Honors Theses and Capstones

Changes to The Natural Rate of Unemployment: The Lasting Effects of The Great Recession

Fraser Tibbetts, University of New Hampshire

Abstract

This paper outlines the structural changes to unemployment as a result of the Great Recession. It quantifies the extent to which each factor affected the NAIRU in the U.S. economy and presents a new value for the natural rate of unemployment. The findings represent a composite of research done by various academics on the different factors at play.