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Is there Chaos on the German Labor Market? / Ist der deutsche Arbeitsmarkt chaotisch?

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  • Neugart, Michael

Abstract

Evidence on the role of chaotic and nonlinear dynamics on labor markets is mixed. It is unclear whether nonlinear relationships are responsible for the dynamic patterns observed in Europe during the past decades. In this paper, we test German labor market data for the null hypothesis of an i.i.d. process with the BDS test. As several processes including chaotic, nonlinear deterministic, and stochastic linear and nonlinear systems are nested within the alternative hypothesis, time series are whitened with linear and nonlinear filters. Lyapunov exponents and correlation dimensions are applied to the residuals of the filtered time series to test for chaotic dynamics. There seems to be a nonlinear deterministic core to German labor market dynamics. Chaos does not occur.

Suggested Citation

  • Neugart, Michael, 1999. "Is there Chaos on the German Labor Market? / Ist der deutsche Arbeitsmarkt chaotisch?," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 57333, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    • Handle: RePEc:dar:wpaper:57333
    Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/57333/
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    File URL: http://EconPapers.repec.org/RePEc:jns:jbstat:v:218:y:1999:i:5-6:p:658-673
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    File URL: https://tuprints.ulb.tu-darmstadt.de/27603
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    Cited by:

    1. Neugart, Michael, 2004. "Complicated dynamics in a flow model of the labor market," Journal of Economic Behavior & Organization, Elsevier, vol. 53(2), pages 193-213, February.
    2. Olmedo, Elena, 2011. "Is there chaos in the Spanish labour market?," Chaos, Solitons & Fractals, Elsevier, vol. 44(12), pages 1045-1053.

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