Nonlinear Labor Market Dynamics
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...
| Main Author: | |
|---|---|
| Format: | eBook |
| Language: | English |
| Published: |
Berlin, Heidelberg
Springer Berlin Heidelberg
2000, 2000
|
| Edition: | 1st ed. 2000 |
| Series: | Lecture Notes in Economics and Mathematical Systems
|
| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- Content
- 1 Introduction
- 2 Nonlinear and Chaotic Economic Dynamics
- 2.1 Earlier models revisited
- 2.2 Evidence on chaos in economic dynamics
- 3 Nonlinear Labor Supply and Real Wage Adjustment
- 3.1 Beyond a linear and upward sloping labor supply
- 3.2 A bare-bones model and labor market equilibria
- 3.3 Adjustment dynamics
- 3.4 How well is the calibration?
- 3.5 An unstable Phillips curve and other policy implications
- 4 Real Wage Adjustment With A Nonlinear Labor Demand
- 4.1 Production functions, labor costs, and the demand for labor
- 4.2 Discontinuous labor demand and labor market equilibria
- 4.3 Adjustment dynamics
- 4.4 Policy implications
- 5 A Note on Rationality
- 6 Worker Flows and the Occurrence of Endogenous Cycles
- 6.1 The outflow from unemployment
- 6.2 A calibrated version and evidence on worker flows
- 6.3 Is the natural rate a policy trap?
- 7 Employment Dynamics Under Wage Setting
- 7.1 The wage setting curve
- 7.2 A tentative view: employment dynamics in a ‘hire and fire’ economy
- 7.3 Evidence on the parameters of the model
- 7.4 Some consequences from flexible labor markets
- 8 Testing For Chaos in German Labor Market Data
- 8.1 Filtering the data
- 8.2 Testing for nonlinearity and chaos
- 9 Summary and Concluding Remarks
- Figures
- Tables
- References