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A cobweb model of higher education and labour market dynamics

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  • Claude Diebolt
  • Bachir El Murr

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.

Suggested Citation

  • Claude Diebolt & Bachir El Murr, 2004. "A cobweb model of higher education and labour market dynamics," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 47(3-4), pages 409-430.
    • Handle: RePEc:bxr:bxrceb:y:2004:v:47:i:3-4:p:409-429
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    References listed on IDEAS

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    1. J. R. Walsh, 1935. "Capital Concept Applied to Man," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 49(2), pages 255-285.
    2. Jean-Luc De Meulemeester, 1994. "Une évaluation empirique de la rationalité des étudiants et étudiantes belges (1954-1987)," Économie et Prévision, Programme National Persée, vol. 116(5), pages 137-153.
    3. Michael Spence, 2002. "Signaling in Retrospect and the Informational Structure of Markets," American Economic Review, American Economic Association, vol. 92(3), pages 434-459, June.
    4. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    5. Magali Jaoul, 2004. "Enseignement supérieur et marchés du travail. Analyse économétrique de la théorie de l'engorgement," Economie & Prévision, La Documentation Française, vol. 166(5), pages 39-57.
    6. Claude Diebolt, 2004. "Towards a Comparative Economics of Education," Post-Print hal-00278626, HAL.
    7. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, March.
    8. Mordecai Ezekiel, 1938. "The Cobweb Theorem," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 52(2), pages 255-280.
    9. Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75, pages 352-352.
    10. Arrow, Kenneth J., 1973. "Higher education as a filter," Journal of Public Economics, Elsevier, vol. 2(3), pages 193-216, July.
    11. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    12. C. Diebolt & B. El Murr, 2003. "A model of glutting: human capital and labour markets in the long-run," Applied Economics Letters, Taylor & Francis Journals, vol. 10(9), pages 557-560.
    13. Claude Diebolt & Bachir El Murr, 2004. "Educational Development and Labour Markets," Quality & Quantity: International Journal of Methodology, Springer, vol. 38(2), pages 127-145, April.
    14. Claude Diebolt & Bachir El Murr, 2004. "Educational Development and Labour Markets," Post-Print hal-00278997, HAL.
    15. Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(3), pages 355-374.
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    Cited by:

    1. Claude Diebolt & Olivier Darné, 2005. "Cliometrics of Academic Careers and the Impact of Infrequent Large Shocks in Germany before 1945," Post-Print hal-00279246, HAL.
    2. Claude DIEBOLT & Gabriele FRANZMANN & Ralph HIPPE & Jürgen SENSCH, 2017. "The Power of Big Data : Historical Time Series on German Education," JODE - Journal of Demographic Economics, Cambridge University Press, vol. 83(3), pages 329-376, September.
    3. Magali JAOUL-GRAMMARE, 2014. "Prestige social des professions et substituabilité des filières universitaires en France au XXème siècle," Economies et Sociétés (Serie 'Histoire Economique Quantitative'), Association Française de Cliométrie (AFC), issue 49, pages 1309-1333, Août.
    4. Magali Jaoul-Grammare, 2014. "Prestige social des professions et substituabilité des filières universitaires," Working Papers of BETA 2014-01, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    5. Magali Jaoul-Grammare, 2006. "Cliométrie de l’engorgement en France. Evaluation théorique et empirique," Working Papers 06-07, Association Française de Cliométrie (AFC).
    6. Magali Jaoul-Grammare, 2014. "Social prestige of occupations and substitutability of university courses in France during the 20th century [Prestige social des professions et substituabilité des filières universitaires en France," Post-Print hal-01744651, HAL.

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