A Cobweb Model of Higher Education and Labour Market Dynamics

Claude DIEBOLT () and Bachir El Murr ()
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Bachir El Murr: Université Libanaise

No 05-04, Working Papers from Association Française de Cliométrie (AFC)

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.

Date: Written 2005

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Related works:
Journal Article: A Cobweb Model of Higher Education and Labour Market Dynamics (2004)
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