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Herd Behaviour in Occupational Choice

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  • Drost, Andre

    (University of Cologne)

Abstract

In 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.

Suggested Citation

  • Drost, Andre, 2003. "Herd Behaviour in Occupational Choice," Royal Economic Society Annual Conference 2003 68, Royal Economic Society.
  • Handle: RePEc:ecj:ac2003:68
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    References listed on IDEAS

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    More about this item

    Keywords

    analysis of education; occupational choice; professional labor markets;

    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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