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Nonlinear Labor Market Dynamics

  • Book
  • © 2000

Overview

Authors:
  1. Michael Neugart

    1. Fachbereich Politik-und Sozialwissenschaften, Freie Universität Berlin, Berlin, Germany

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

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Table of contents (9 chapters)

  1. Front Matter

    Pages I-X
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  2. Introduction

    • Michael Neugart
    Pages 1-7

  3. Nonlinear and chaotic economic dynamics

    • Michael Neugart
    Pages 9-28

  4. Nonlinear labor supply and real wage adjustment

    • Michael Neugart
    Pages 29-68

  5. Real wage adjustment with a nonlinear labor demand

    • Michael Neugart
    Pages 69-92

  6. A note on rationality

    • Michael Neugart
    Pages 93-101

  7. Worker flows and the occurrence of endogenous cycles

    • Michael Neugart
    Pages 103-117

  8. Employment dynamics under wage setting

    • Michael Neugart
    Pages 119-141

  9. Testing for chaos in German labor market data

    • Michael Neugart
    Pages 143-152

  10. Summary and concluding remarks

    • Michael Neugart
    Pages 153-157

  11. Back Matter

    Pages 159-180
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Keywords

About this book

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.

Reviews

“In this well written book one may found many interesting topics, facts, thoughts, explanations and more arising in real economic situations.” (Sabir R.Umarov, zbMATH 0962.91051, 2022)

Authors and Affiliations

  • Fachbereich Politik-und Sozialwissenschaften, Freie Universität Berlin, Berlin, Germany

    Michael Neugart

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