An iteration process for calculating labour market flows
This article presents a technique for calculating labour market flows, given labour market stocks of workers and nonemployed agents at the beginning and at the end of a certain period of time. I build a system of equations that define the stocks as a product of the flows. For a vector of stocks Y an...
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Veröffentlicht in: | Applied economics 2010-12, Vol.42 (29), p.3761-3766 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | This article presents a technique for calculating labour market flows, given labour market stocks of workers and nonemployed agents at the beginning and at the end of a certain period of time. I build a system of equations that define the stocks as a product of the flows. For a vector of stocks Y and a vector of flows X, the system of equations is defined as Y = A*X. However, the system is not solvable (the flows cannot be identified) due to singularity of the matrix A. I suggest an iteration process that enables us to solve the system and identify the flows given a chosen negligible deviation from the true flows. |
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ISSN: | 0003-6846 1466-4283 |
DOI: | 10.1080/00036840802359924 |