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Dynamics of probabilistic labor markets: statistical physics perspective

  • He Chen
  • Jun-ichi Inoue
Chapter
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 662)

Abstract

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.

Keywords

Labor Market Aggregation Probability Freeze Line Imperfect Labor Market Gation Probability 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  1. 1.Hokkaido UniversitySapporoJapan

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