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A cobweb model of higher education and labour market dynamics

par Diebolt, Claude;El Murr, Bachir
Référence Brussels economic review, 47, 3-4, page (409-430)
Publication Publié, 2004

Article révisé par les pairs

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Résumé :

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.