[PDF.38jd] Nonlinear Labor Market Dynamics (Lecture Notes in Economics and Mathematical Systems)
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Nonlinear Labor Market Dynamics (Lecture Notes in Economics and Mathematical Systems)
Michael Neugart
[PDF.dk20] Nonlinear Labor Market Dynamics (Lecture Notes in Economics and Mathematical Systems)
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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 instabilities, and chaotic movements, once nonlinear relationships and widely accepted adjustment rules are introduced. Thus, labor market dynamics may have an endogenou...
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