Dynamics of probabilistic labor markets: statistical physics perspective
We introduce a toy probabilistic model to analyze job-matching processes in recent Japanese labor markets for university graduates by means of statistical physics. We show that the aggregation probability of each company is rewritten by means of non-linear map under several conditions. Mathematical treatment of the map enables us to discuss the condition on which the rankings of arbitrary two companies are reversed during the dynamics. The so-called `mismatch' between students and companies is discussed from both empirical and theoretical viewpoints.
|Date of creation:||Sep 2013|
|Date of revision:|
|Publication status:||Published in Lecture Notes in Economics and Mathematical Systems, Vol. 662, pp. 53-64, "Managing Market Complexity", Springer (2012)|
|Contact details of provider:|| Web page: http://arxiv.org/|
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Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra
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