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http://ssrn.com/abstract=1666891
 
 

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Rule-Based Modeling of Labor Market Dynamics


Clemens Kühn


Humboldt University of Berlin - Faculty of Mathematics and Natural Sciences

Katja Hillmann


University of Hamburg

August 27, 2010


Abstract:     
The dynamics of unemployment and its response to measures taken to counter rising unemployment are not fully understood today. Their formal description often assumes homogeneity among individual agents in the labor market. Agent based frameworks allow for the faithful description of heterogenous systems and are thus well suited for a more detailed description of labor market dynamics. Here, we introduce rule-based modeling as a novel approach of agent-based modeling with regard to the description of labor market dynamics. We demonstrate that the main advantages of rule-based modeling, such as the implicit enumeration of the state space, can be efficiently exploited in the description of socio-economic interactions.

Number of Pages in PDF File: 23

Keywords: Computational Economics, Rule-Based Modeling, Labor Market Dynamics

JEL Classification: C63, J01, J63

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Date posted: August 28, 2010 ; Last revised: May 13, 2011

Suggested Citation

Kühn, Clemens and Hillmann, Katja, Rule-Based Modeling of Labor Market Dynamics (August 27, 2010). Available at SSRN: http://ssrn.com/abstract=1666891 or http://dx.doi.org/10.2139/ssrn.1666891

Contact Information

Clemens Kühn
Humboldt University of Berlin - Faculty of Mathematics and Natural Sciences ( email )
Berlin
Germany
Katja Hillmann (Contact Author)
University of Hamburg ( email )
Allende-Platz 1
Hamburg, 20146
Germany
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