Neugart, Michael (1999)
Is there Chaos on the German Labor Market? / Ist der deutsche Arbeitsmarkt chaotisch?
In: Jahrbücher für Nationalökonomie und Statistik / Journal of Economics and Statistics, 218 (5-6)
doi: 10.1515/jbnst-1999-5-608
Article, Bibliographie
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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.
| Item Type: | Article | ||||
|---|---|---|---|---|---|
| Erschienen: | 1999 | ||||
| Creators: | Neugart, Michael | ||||
| Type of entry: | Bibliographie | ||||
| Title: | Is there Chaos on the German Labor Market? / Ist der deutsche Arbeitsmarkt chaotisch? | ||||
| Language: | English | ||||
| Date: | 1999 | ||||
| Place of Publication: | Berlin | ||||
| Publisher: | De Gruyter | ||||
| Journal or Publication Title: | Jahrbücher für Nationalökonomie und Statistik / Journal of Economics and Statistics | ||||
| Volume of the journal: | 218 | ||||
| Issue Number: | 5-6 | ||||
| DOI: | 10.1515/jbnst-1999-5-608 | ||||
| URL / URN: | http://EconPapers.repec.org/RePEc:jns:jbstat:v:218:y:1999:i:... | ||||
| Corresponding Links: | |||||
| 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. |
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| Uncontrolled Keywords: | German labor market, chaos, nonlinear dynamics, Arbeitsmarkt, Chaos, nichtlineare Dynamiken | ||||
| Divisions: | 01 Department of Law and Economics 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Fachgebiet Finanzwissenschaft und Wirtschaftspolitik |
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| Date Deposited: | 27 Mar 2012 14:03 | ||||
| Last Modified: | 18 Jul 2024 09:40 | ||||
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| Suche nach Titel in: | TUfind oder in Google | ||||
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Is there Chaos on the German Labor Market? / Ist der deutsche Arbeitsmarkt chaotisch? (deposited 01 Jul 2024 13:05)
- Is there Chaos on the German Labor Market? / Ist der deutsche Arbeitsmarkt chaotisch? (deposited 27 Mar 2012 14:03) [Currently Displayed]
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