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A simple mathematical model for unemployment: a case study in Portugal with optimal control

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  • Anibal Galindro
  • Delfim F. M. Torres

Abstract

We propose a simple mathematical model for unemployment. Despite its simpleness, we claim that the model is more realistic and useful than recent models available in the literature. A case study with real data from Portugal supports our claim. An optimal control problem is formulated and solved, which provides some non-trivial and interesting conclusions.

Suggested Citation

  • Anibal Galindro & Delfim F. M. Torres, 2017. "A simple mathematical model for unemployment: a case study in Portugal with optimal control," Papers 1801.00058, arXiv.org.
    • Handle: RePEc:arx:papers:1801.00058
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    File URL: http://arxiv.org/pdf/1801.00058
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    Cited by:

    1. Al-Maalwi, Raneah & Al-Sheikh, Sarah & Ashi, H.A. & Asiri, Sharefa, 2021. "Mathematical modeling and parameter estimation of unemployment with the impact of training programs," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 182(C), pages 705-720.

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