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Nonlinear Labor Market Dynamics /

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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 i...

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Bibliographic Details
Main Author: Neugart, Michael
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2000.
Series:Lecture notes in economics and mathematical systems ; 486.
Subjects:
Economics.
Labor economics.
Electronic books.
Online Access:Connect to the full text of this electronic book
Table of Contents:
  • 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.