A simple mathematical model for unemployment: a case study in Portugal with optimal control

Anibal Galindro and Delfim F. M. Torres

Papers from arXiv.org

Abstract: We propose a simple mathematical model for unemployment. Despite its simpleness, we claim that the model is more realistic and useful than recent models available in the literature. A case study with real data from Portugal supports our claim. An optimal control problem is formulated and solved, which provides some non-trivial and interesting conclusions.

Date: 2017-12
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Citations: View citations in EconPapers (1)

Published in Stat. Optim. Inf. Comput. 6 (2018), no. 1, 116--129

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