Nonlinear Labor Market Dynamics

Name: Nonlinear Labor Market Dynamics
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783540672791
Price: 1147 CZK
Availability: InStock

Autor: Michael Neugart

Jazyk:

Vazba: Brožovaná

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

Dostupnost: Skladem u dodavatele

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

Informace o knize

Autor

Michael Neugart

Jazyk

Angličtina

Vazba

Kniha - Brožovaná

Vydáno

2000

Stránek

175

EAN

9783540672791

ISBN

3540672796

Enbook ID

01567314

Vydavatel

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Hmotnost

630

Rozměry

155 x 235 x 11

Kompletní 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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Nonlinear Labor Market Dynamics

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