A dynamic model of unemployment with migration and delayed policy intervention

Liliana Harding; Mihaela Neamtu

doi:10.1007/s10614-016-9610-3

A dynamic model of unemployment with migration and delayed policy intervention

Liliana Harding
, Mihaela Neamtu

Research output: Contribution to journal › Article › peer-review

28 Citations (Scopus)

42 Downloads (Pure)

Abstract

The purpose of this paper is to build and analyse a model of unemployment, where jobs search is open to both natives and migrant workers. Markets and government intervention respond jointly to unemployment when creating new jobs. Full employment of resources is the focal point of policy action, stimulating vacancy creation. We acknowledge that policy is implemented with delays, and capture labour market outcomes by building a non-linear dynamic system. We observe jobs separation and matching, and extend our model to an open economy with migration and delayed policy intervention meant to reduce unemployment. We analyse the stability behaviour of the resulting equilibrium for our dynamic system, including models with Dirac and weak kernels. We simulate our model with alternative scenarios, where policy action towards jobs creation considers both migration and unemployment, or just unemployment.

Original language	English
Pages (from-to)	427–462
Number of pages	36
Journal	Computational Economics
Volume	51
Issue number	3
Early online date	17 Aug 2016
DOIs	https://doi.org/10.1007/s10614-016-9610-3
Publication status	Published - Mar 2018

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

unemployment
dynamic models
distributed delay
Hopf bifurcation
migration
matching

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10.1007/s10614-016-9610-3Licence: CC BY

Published manuscript
© The Author(s) 2016 This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Final published version, 1.15 MBLicence: CC BY

A five-dimensional unemployment model with two distributed time delays
Harding, L., Kaslik, E., Neamtu, M. & Vesa, L. F., 30 Jul 2024, In: Mathematical Methods in the Applied Sciences. 47, 11, p. 8969-8984 16 p.
Research output: Contribution to journal › Article › peer-review

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2 Citations (Scopus)

24 Downloads (Pure)

Cite this

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AB - The purpose of this paper is to build and analyse a model of unemployment, where jobs search is open to both natives and migrant workers. Markets and government intervention respond jointly to unemployment when creating new jobs. Full employment of resources is the focal point of policy action, stimulating vacancy creation. We acknowledge that policy is implemented with delays, and capture labour market outcomes by building a non-linear dynamic system. We observe jobs separation and matching, and extend our model to an open economy with migration and delayed policy intervention meant to reduce unemployment. We analyse the stability behaviour of the resulting equilibrium for our dynamic system, including models with Dirac and weak kernels. We simulate our model with alternative scenarios, where policy action towards jobs creation considers both migration and unemployment, or just unemployment.

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KW - matching

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A dynamic model of unemployment with migration and delayed policy intervention

Abstract

UN SDGs

Keywords

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Research output

A five-dimensional unemployment model with two distributed time delays

Cite this