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A Cobweb Model of Higher Education and Labour Market Dynamics

Claude Diebolt and Bachir El Murr
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Bachir El Murr: LU / ULB - الجامعة اللبنانية [بيروت] = Lebanese University [Beirut] = Université libanaise [Beyrouth]

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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 model; Education; Career choices (search for similar items in EconPapers)
Date: 2004
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Published in Brussels Economic Review , 2004, 47 (3/4), pp.409-429

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