Herd Behaviour in Occupational Choice

Andre Drost
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Andre Drost: University of Cologne

No 68, Royal Economic Society Annual Conference 2003 from Royal Economic Society

Abstract: In this paper we examine why many professional labor markets are disturbed by cycles in the supply of new workers. We present a model where cycles in labor supply are the consequence of herd behavior in occupational choice. We also present evidence from nearly 150 West German labor markets which supports the herd behavior model of labor supply cycles.

Keywords: analysis of education; occupational choice; professional labor markets (search for similar items in EconPapers)
JEL-codes: I21 J24 J44 (search for similar items in EconPapers)
Date: 2003-06-04
New Economics Papers: this item is included in nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:ecj:ac2003:68

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