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Nonlinear Labor Market Dynamics

  • Michael Neugart

Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 486)

Table of contents

  1. Front Matter
    Pages I-X
  2. Michael Neugart
    Pages 1-7
  3. Michael Neugart
    Pages 9-28
  4. Michael Neugart
    Pages 93-101
  5. Michael Neugart
    Pages 119-141
  6. Michael Neugart
    Pages 143-152
  7. Michael Neugart
    Pages 153-157
  8. Back Matter
    Pages 159-180

About this book

Introduction

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.

Keywords

Arbeitsmarkttheorie Chaos German Labor Market Labor Market Labor Market Theory Nonlinear Dynamics Time Series Analysis Unemployment Zeitreihenanalyse nichtlineare Dynamik

Authors and affiliations

  • Michael Neugart
    • 1
  1. 1.Fachbereich Politik-und SozialwissenschaftenFreie Universität BerlinBerlinGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-58348-3
  • Copyright Information Springer-Verlag Berlin Heidelberg 2000
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-540-67279-1
  • Online ISBN 978-3-642-58348-3
  • Series Print ISSN 0075-8442
  • Buy this book on publisher's site
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