(Translated by https://www.hiragana.jp/)
A Cobweb Model of Higher Education and Labour Market Dynamics
IDEAS home Printed from https://ideas.repec.org/p/afc/wpaper/05-04.html
   My bibliography  Save this paper

A Cobweb Model of Higher Education and Labour Market Dynamics

Author

Listed:
  • Claude Diebolt

    (CNRS, Université Louis Pasteur de Strasbourg, Université Montpellier I & Humboldt-Universität zu Berlin)

  • Bachir El Murr

    (Université Libanaise)

Abstract

As a continuation of preceding publications in cliometrics (Diebolt, 1994, 1997, 2001, Diebolt & El Murr, 2003, 2004, Jaoul, 2004), this article develops 'cobweb' modelling of education-labour market relations applied to higher education. The research is an extension of the seminal work of Freeman (1971) and the book by Ehrenberg & Smith (1994). Our approach differs from this pioneer work in that cobweb effects are studied not only for a single labour market but for the general case of supply allocated to several markets.

Suggested Citation

  • Claude Diebolt & Bachir El Murr, 2005. "A Cobweb Model of Higher Education and Labour Market Dynamics," Working Papers 05-04, Association Française de Cliométrie (AFC).
    • Handle: RePEc:afc:wpaper:05-04
    as

    Download full text from publisher

    File URL: http://www.cliometrie.org/images/wp/AFC_WP_04-2005.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Claude Diebolt, 2004. "Towards a Comparative Economics of Education," Post-Print hal-00278626, HAL.
    2. Arrow, Kenneth J., 1973. "Higher education as a filter," Journal of Public Economics, Elsevier, vol. 2(3), pages 193-216, July.
    3. J. R. Walsh, 1935. "Capital Concept Applied to Man," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 49(2), pages 255-285.
    4. Jean-Luc De Meulemeester, 1994. "Une évaluation empirique de la rationalité des étudiants et étudiantes belges (1954-1987)," Économie et Prévision, Programme National Persée, vol. 116(5), pages 137-153.
    5. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    6. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, January.
    7. C. Diebolt & B. El Murr, 2003. "A model of glutting: human capital and labour markets in the long-run," Applied Economics Letters, Taylor & Francis Journals, vol. 10(9), pages 557-560.
    8. Michael Spence, 2002. "Signaling in Retrospect and the Informational Structure of Markets," American Economic Review, American Economic Association, vol. 92(3), pages 434-459, June.
    9. Claude Diebolt & Bachir El Murr, 2004. "Educational Development and Labour Markets," Quality & Quantity: International Journal of Methodology, Springer, vol. 38(2), pages 127-145, April.
    10. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    11. Claude Diebolt & Bachir El Murr, 2004. "Educational Development and Labour Markets," Post-Print hal-00278997, HAL.
    12. Mordecai Ezekiel, 1938. "The Cobweb Theorem," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 52(2), pages 255-280.
    13. Magali Jaoul, 2004. "Enseignement supérieur et marchés du travail. Analyse économétrique de la théorie de l'engorgement," Economie & Prévision, La Documentation Française, vol. 166(5), pages 39-57.
    14. Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 352-352.
    15. Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(3), pages 355-374.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Claude Diebolt & Olivier Darné, 2005. "Cliometrics of Academic Careers and the Impact of Infrequent Large Shocks in Germany before 1945," Post-Print hal-00279246, HAL.
    2. Magali JAOUL-GRAMMARE, 2014. "Prestige social des professions et substituabilité des filières universitaires en France au XXème siècle," Economies et Sociétés (Serie 'Histoire Economique Quantitative'), Association Française de Cliométrie (AFC), issue 49, pages 1309-1333, Août.
    3. Claude DIEBOLT & Gabriele FRANZMANN & Ralph HIPPE & Jürgen SENSCH, 2017. "The Power of Big Data : Historical Time Series on German Education," JODE - Journal of Demographic Economics, Cambridge University Press, vol. 83(3), pages 329-376, September.
    4. Magali Jaoul-Grammare, 2014. "Prestige social des professions et substituabilité des filières universitaires," Working Papers of BETA 2014-01, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    5. Magali Jaoul-Grammare, 2006. "Cliométrie de l’engorgement en France. Evaluation théorique et empirique," Working Papers 06-07, Association Française de Cliométrie (AFC).
    6. Magali Jaoul-Grammare, 2014. "Social prestige of occupations and substitutability of university courses in France during the 20th century [Prestige social des professions et substituabilité des filières universitaires en France," Post-Print hal-01744651, HAL.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Claude Diebolt & Bachir El Murr, 2004. "Educational Development and Labour Markets," Quality & Quantity: International Journal of Methodology, Springer, vol. 38(2), pages 127-145, April.
    2. Titus J. Galama & Adriana Lleras-Muney & Hans van Kippersluis, 2018. "The Effect of Education on Health and Mortality: A Review of Experimental and Quasi-Experimental Evidence," NBER Working Papers 24225, National Bureau of Economic Research, Inc.
    3. repec:eee:labchp:v:1:y:1986:i:c:p:603-640 is not listed on IDEAS
    4. C. Diebolt & B. El Murr, 2003. "A model of glutting: human capital and labour markets in the long-run," Applied Economics Letters, Taylor & Francis Journals, vol. 10(9), pages 557-560.
    5. Alla Kirova, 2011. "Evolution of the Human Capital Doctrine," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 94-131.
    6. Vuksanović Nemanja & Aleksić Dragan, 2017. "Investment in Education as a Way of Overcoming the Problem of Information Asymmetry in the Labor Market," Economic Themes, Sciendo, vol. 55(3), pages 377-397, September.
    7. Domadenik, Polona & Far?nik, Daša & Pastore, Francesco, 2013. "Horizontal Mismatch in the Labour Market of Graduates: The Role of Signalling," IZA Discussion Papers 7527, Institute of Labor Economics (IZA).
    8. Ahrens, Jan-Philipp & Landmann, Andreas & Woywode, Michael, 2015. "Gender preferences in the CEO successions of family firms: Family characteristics and human capital of the successor," Journal of Family Business Strategy, Elsevier, vol. 6(2), pages 86-103.
    9. Joaquin Turmo-Garuz & M.-Teresa Bartual-Figueras & Francisco-Javier Sierra-Martinez, 2019. "Factors Associated with Overeducation Among Recent Graduates During Labour Market Integration: The Case of Catalonia (Spain)," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 144(3), pages 1273-1301, August.
    10. Bram Wouterse & Karen Wiel & Marc Steeg, 2017. "Income Differences Between PhDs and Masters: Evidence from The Netherlands," De Economist, Springer, vol. 165(4), pages 439-461, December.
    11. Jacek Liwiński, 2019. "Does it pay to study abroad? Evidence from Poland," International Journal of Manpower, Emerald Group Publishing Limited, vol. 40(3), pages 525-555, February.
    12. Sana Sellami & Dieter Verhaest & Walter Nonneman & Walter Van Trier, 2020. "Education as investment, consumption or adapting to social norm: implications for educational mismatch among graduates," Education Economics, Taylor & Francis Journals, vol. 28(1), pages 26-45, January.
    13. Baptista, Rui & Lima, Francisco & Preto, Miguel Torres, 2012. "How former business owners fare in the labor market? Job assignment and earnings," European Economic Review, Elsevier, vol. 56(2), pages 263-276.
    14. Charles L. Baum & Christopher J. Ruhm, 2016. "The Changing Benefits of Early Work Experience," Southern Economic Journal, John Wiley & Sons, vol. 83(2), pages 343-363, October.
    15. Brown, Sarah & Sessions, John G., 2006. "Evidence on the relationship between firm-based screening and the returns to education," Economics of Education Review, Elsevier, vol. 25(5), pages 498-509, October.
    16. Wei-Bin Zhang, 2015. "National Education and Global Economic Growth: A Synthesis of the Uzawa–Lucas Two-Sector and the Oniki–Uzawa Trade Models," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 6(4), pages 905-928, December.
    17. Marek Pęczkowski & Barbara Liberda, 2011. "Does a change of occupation lead to higher earnings?," Statistics in Transition new series, Główny Urząd Statystyczny (Polska), vol. 12(1), pages 193-206, August.
    18. repec:old:wpaper:321 is not listed on IDEAS
    19. Ivana Fellini & Raffaele Guetto & Emilio Reyneri, 2018. "Poor Returns to Origin-Country Education for Non-Western Immigrants in Italy: An Analysis of Occupational Status on Arrival and Mobility," Social Inclusion, Cogitatio Press, vol. 6(3), pages 34-47.
    20. Jacek Liwiński, 2017. "Premia płacowa z kształcenia na studiach podyplomowych," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5, pages 105-127.
    21. Saule Kemelbayeva, 2020. "Returns to schooling in Kazakhstan: an update using a pseudo-panel approach," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(3), pages 437-487, September.
    22. Alexander S. Skorobogatov, 2012. "The value of human capital and health behavior," Economics Bulletin, AccessEcon, vol. 32(2), pages 1785-1796.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:afc:wpaper:05-04. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/afcccea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.