عنوان

Nonlinear Labor Market Dynamics

(Number (ISBN

3642583482

(Number (ISBN

9783642583483

Number

b571007

Title Proper

Nonlinear Labor Market Dynamics

General Material Designation

[Book]

First Statement of Responsibility

by Michael Neugart.

Place of Publication, Distribution, etc.

Berlin, Heidelberg

Name of Publisher, Distributor, etc.

Springer Berlin Heidelberg

Date of Publication, Distribution, etc.

2000

Specific Material Designation and Extent of Item

(x, 175 pages)

Series Title

Lecture notes in economics and mathematical systems, 486.

Text of Note

Introduction --; Nonlinear and Chaotic Economic Dynamics --; Nonlinear Labor Supply and Real Wage Adjustment --; Real Wage Adjustment with a Nonlinear Labor Demand --; A Note on Rationality --; Worker Flows and the Occurrence of Endogenous Cycles --; Employment Dynamics under Wage Setting --; Testing for Chaos in German Labor Market Data --; Summary and Concluding Remarks.

Text of Note

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.

Economics.

Labor economics.

Class number

Book number

by Michael Neugart.

Michael Neugart

Electronic name

[Book]

Y