Nonlinear labor market dynamics. Lecture notes in economics and mathematical systems.

Neugart, Michael

ISBN 10: 3540672796 / ISBN 13: 9783540672791

Published by Berlin, Springer, 2000

About this Item

175 S. Ehem. Bibliotheksexemplar mit Signatur und Stempel. GUTER Zustand, ein paar Gebrauchsspuren. Ex-library with stamp and library-signature. GOOD condition, some traces of use. L07643 9783540672791 Sprache: Englisch Gewicht in Gramm: 330.

Seller Inventory # 2531063

Bibliographic Details

• Title: Nonlinear labor market dynamics. Lecture notes in economics and mathematical systems.
• Publisher: Berlin, Springer
• Publication Date: 2000
• Language: English
• ISBN 10: 3540672796
• ISBN 13: 9783540672791
• Binding: Softcover
• Condition: Gut
• Weight: 330 grams
• Seller catalogs:
  • AA Varia

About this title

Synopsis

Nonlinear Labor Market Dynamics discusses adjustment processes in labor markets. Contrary to linear-stochastic approaches this book is based on a non-linear deterministic framework. It is shown that even textbook-like-models of the labor market can generate long lasting adjustment processes, local instabilities, and chaotic movements, once nonlinear relationships and widely accepted adjustment rules are introduced. Thus, labor market dynamics may have an endogenous component that is governed by a nonlinear deterministic core. Of course, all results are tied to the particular models discussed in this book. Nevertheless, these models imply that by incorporating nonlinear relationships, one may arrive at an explanation of labor market behavior where linear stochastic approaches fell. Time series studies for German labor market data support this point of view.