A cobweb model of higher education and labour market dynamics

Claude Diebolt and Bachir El Murr

Brussels Economic Review, 2004, vol. 47, issue 3-4, 409-430

Abstract: As a continuation of preceding publications in cliometrics (Diebolt, 1994, 1997, 2001, Diebolt & El Murr, 2003, 2004, Jaoul, 2004), this article develops 'cobweb' modelling of education-labour market relations applied to higher education. The research is an extension of the seminal work of Freeman (1971) and the book by Ehrenberg & Smith (1994). Our approach differs from this pioneer work in that cobweb effects are studied not only for a single labour market but for the general case of supply allocated to several markets.

Keywords: cobweb models; education; career choice (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (9)

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Working Paper: A Cobweb Model of Higher Education and Labour Market Dynamics (2005)
Working Paper: A Cobweb Model of Higher Education and Labour Market Dynamics (2004)
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