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A Disaggregated Disequilibrium Model of the Labour Market

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  • Andrews, Martyn
  • Nickell, Stephen J

Abstract

This paper analyzes a number of disequilibrium mode ls of the labor market. The most general of these assumes that the aggregate mar ket consists of a series of submarkets, none of which are in excess demand, with the remainder being in excess supply. Assuming demands and supplies have a comm on structure across markets, with a normal error, then it is possible to write a ggregate employment as a nonlinear function of the common structure and the para meters of theerror distribution. Estimates of this model and various restricted versions of it are presented, including the standard run condition model and th e equilibrium model. Copyright 1986 by Royal Economic Society.

Suggested Citation

  • Andrews, Martyn & Nickell, Stephen J, 1986. "A Disaggregated Disequilibrium Model of the Labour Market," Oxford Economic Papers, Oxford University Press, vol. 38(3), pages 386-402, November.
    • Handle: RePEc:oup:oxecpp:v:38:y:1986:i:3:p:386-402
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    Cited by:

    1. Siebeck, Karin & Reimers, Hans-Eggert, 1987. "Ein einfaches kontinuierliches Anpassungsmodell für den Arbeits- und Gütermarkt: Einige empirische Befunde für die Bundesrepublik Deutschland von 1965 bis 1985," Discussion Papers, Series I 234, University of Konstanz, Department of Economics.
    2. Quandt, Richard E & Rosen, Harvey S, 1989. "Endogenous Output in an Aggregate Model of the Labor Market," The Review of Economics and Statistics, MIT Press, vol. 71(3), pages 394-400, August.
    3. Fumitaka Furuoka, 2017. "Unemployment Dynamics In The Asia-Pacific Region: A Preliminary Investigation," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(05), pages 983-1016, December.
    4. O'Higgins, Niall, 2001. "Youth unemployment and employment policy: a global perspective," MPRA Paper 23698, University Library of Munich, Germany.
    5. Jacquinot, Pascal & Mihoubi, F., 1996. "Dynamique et hétérogénéité de l’emploi en déséquilibre," L'Actualité Economique, Société Canadienne de Science Economique, vol. 72(2), pages 113-148, juin.
    6. Ana Martín Marcos & Lourdes Moreno, 1990. "Efectos de las pensiones de la seguridad social sobre la oferta de trabajo en España," Investigaciones Economicas, Fundación SEPI, vol. 14(2), pages 291-303, May.

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