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Innovazione tecnologica e offerta di skills:una simulazione

Author

Listed:
  • M. Scarlato

    (University od Naples "Federico II")

  • M. Cenci

    (University of Rome 3)

Abstract

In this paper a dynamic stochastic model is used to simulate the matching process between skills demand and supply in a segmented labor market of a typical developing area where labor market frictions are pervasive. We address the issue of the emergence of a “bad” outcome i.e. equilibrium towards the low level of development, given adverse initial conditions. In a second step we discuss the sensitivity of the endogenous dynamics to parameters changes due to policy/institutional reforms that change the expectations of the economic agents.

Suggested Citation

  • M. Scarlato & M. Cenci, 2004. "Innovazione tecnologica e offerta di skills:una simulazione," Computational Economics 0401003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpco:0401003
    Note: Type of Document - pdf; prepared on Win98; to print on hp Laserjet 1300; pages: 37; figures: 10. 37 pages, 10 figures, pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    labor market frictions; matching process; simulation;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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