The group behaviour modelling of workers in the labor market

Author:

Shananin Alexander1234,Trusov Nikolai12

Affiliation:

1. Federal Research Center ‘Computer Science and Control’ of RAS , Moscow , Russia

2. Moscow Center of Fundamental and Applied Mathematics, Leninskiye Gory , Moscow , Russia

3. Moscow Institute of Physics and Technology, National Research University , Dolgoprudny , Moscow Region , Russia

4. Peoples’ Friendship University of Russia, RUDN University , Moscow , Russia

Abstract

Abstract We describe the mathematical modelling of the group behaviour of workers in the labor market. The worker receives the salary and seeks to improve his qualifications in order to receive higher wages. The worker enlarges his qualification by the investments in human capital. At a random moment of time, a vacancy appears that provides a jump in the worker’s salary. The mathematical model of the worker’s behaviour in the labor market is presented as an optimal control problem on an infinite time horizon. The paper presents the derivation of the Kolmogorov–Fokker–Planck equation for the Lévy process, which describes the behaviour of a large amount of workers within a social layer. The numerical solution of the Kolmogorov–Fokker–Planck equation and the calculation results are presented.

Publisher

Walter de Gruyter GmbH

Subject

Modeling and Simulation,Numerical Analysis

Reference19 articles.

1. S. Aseev, K. Besov, and A. Kryazhimskiy, Infinite-horizon optimal control problems in economics. Russian Math. Surveys 67 (2012), No. 2, 195–253.

2. S. Aseev and V. Veliov, Another view of the maximum principle for infinite-horizon optimal control problems in economics. Russian Math. Surveys 74 (2019), No. 6, 963–1011.

3. Certificate of state registration of the computer program No. 2022619524. ‘Analysis of demand for consumer credit in the Russian Federation’. Copyright holder: Trusov Nikolai Vsevolodovich. Application No. 2022618580. Date of state registration in the Register of computer programs: May 23, 2022.

4. A. Dmitruk and N. Kuz’kina, Existence theorem in the optimal control problem on an infinite time interval. Math. Notes 78 (2005), No. 4, 466–480.

5. A. Gulin and A. Samarskiy, Numerical Methods. Nauka, Moscow, 1989.

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