Herd Behaviour in Occupational Choice
AbstractIn 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.
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Bibliographic InfoPaper provided by Royal Economic Society in its series Royal Economic Society Annual Conference 2003 with number 68.
Date of creation: 04 Jun 2003
Date of revision:
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analysis of education; occupational choice; professional labor markets;
Find related papers by JEL classification:
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
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