Nonlinear Labor Market Dynamics

Name: Nonlinear Labor Market Dynamics
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783540672791
Price: 50.02 EUR
Availability: InStock

Autor: Michael Neugart

Jazyk:

Väzba: Brožovaná

Vydavateľ: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Dostupnosť: Skladom u dodávateľa

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Nonlinear Labor Market Dynamics discusses adjustment processes in labor markets. Contrary to linear-...

Informácie o knihe

Autor

Michael Neugart

Jazyk

Angličtina

Väzba

Kniha - Brožovaná

Vydalo

2000

Stránok

175

EAN

9783540672791

ISBN

3540672796

Enbook ID

01567314

Vydavateľ

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Hmotnosť

630

Rozmery

155 x 235 x 11

Kompletný popis

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.

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