THE INFLUENCE OF TIME DELAY ON THE DYNAMICS OF MATHEMATICAL MODEL OF UNEMPLOYMENT

  • Patricia Ardeljan West University of Timisoara
Keywords: Employed persons; unemployed persons; labor market; temporary employed

Abstract

In this paper, a mathematical model is proposed for the analysis of   unemployment, which considers the following three variables: number of unemployed, number of temporary employed or self-employed and the number of permanent employees. The mathematical model is described by a system of differential equations with time delay. I assume that the movement from unemployed to employee is delayed and there is a deferral in the emigration decision of the unemployed too. Numerically, the equilibrium point is determined and its local stability is investigated.

Author Biography

Patricia Ardeljan, West University of Timisoara

Scoala doctorala de Economie si de Administrare a Afacerilor

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Published
2020-06-30
How to Cite
Ardeljan, P. (2020). THE INFLUENCE OF TIME DELAY ON THE DYNAMICS OF MATHEMATICAL MODEL OF UNEMPLOYMENT. Timisoara Journal of Economics and Business, 13(1), 63-74. Retrieved from https://www.tjeb.ro/index.php/tjeb/article/view/332
Section
Articles