Abstract
In this work, we study a capital–labor model by considering the interaction between the new proposed and the confirmed free jobs, the precariat labor force, and the mature labor force by introducing Brownian motion and Lévy noise. Moreover, we illustrate the well-posedness of the solution. In addition, we establish the conditions of the extinction of both the free jobs and labor force; subsequently, we prove the persistence of only the free jobs, and we also show the conditions of the persistence of both the free jobs and labor force. Finally, we validate our theoretical finding by numerical simulation by building a new stochastic Runge–Kutta method.
Subject
Applied Mathematics,Computational Mathematics,General Engineering
Reference26 articles.
1. When a rising tide sinks most boats: Trends in US income inequality;Real World Econ. Rev.,2015
2. Distributional National Accounts: Methods and Estimates for the United States;Q. J. Econ.,2018
3. Piketty, T. (2013). Capital in the Twenty-First Century, Harvard University Press.
4. David, A., Katz, L.F., and Kearney, M.S. (2006). The Polarization of the US Labor Market, National Bureau of Economic Research. NBER Working Paper.
5. It’s the Market: The Broad-Based Rise in the Return to Top Talent;J. Econ. Perspect.,2013
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献