Data/hora: 06/06/2024 05:30:00

Provedor de dados: | 31
País: | United States
Título: | HYSTERESIS IN AN EVOLUTIONARY LABOR MARKET WITH ADAPTIVE SEARCH
Autores: | Tesfatsion,   Leigh.
Data: | 1999-10-29
Ano: | 1999
Palavras-chave: | Labor markets; Network hysteresis; Behavioral hysteresis; Capacity asymmetries; Agent-based computational economics; Labor and Human Capital.
Resumo: | This study undertakes a systematic experimental investigation of hysteresis (path dependency) in an agent-based computational labor market framework.  It is shown that capacity asymmetries between work suppliers and employers can result in two distinct hysteresis effects, network and behavioral, when work suppliers and employers interact strategically and evolve their worksite behaviors over time.  These hysteresis effects result in persistent heterogeneity in earnings and employment histories across agents who have no observable structural differences.  At a more global level, these hysteresis effects are shown to result in a one-to-many mapping between treatment factors and experimental outcomes.  These hysteresis effects may help to explain why excess earnings heterogeneity is commonly observed in real-world labor markets.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

1764

http://purl.umn.edu/18189

Editor: | AgEcon Search

Relação:

Iowa State University&gt;Department of Economics&gt;Economic Reports

Economic Report 50

Formato:

50

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