Agent-Based Modelling of Social Networks in Labourâ#x80 ; #x93 ; Education Market System

This book covers the modelling of human behaviour in the education and labour markets, which due to their interdependency are viewed as one system. Important factors influencing the decision-making of individuals and firms in this system are discussed. The role of social environment and networks is stressed. The approach of agent-based modelling is presented and compared with standard economic modelling and other simulation techniques in the context of modelling complex adaptive systems. Practical questions in building agent-based models of labourâ#x80;#x93;education market system with social networks are discussed. These questions include modelling the structure of education system and agent behaviour there; modelling and calibrating the labour market without and with firms; generating the social network, defining its behaviour and calibrating it; and embedding the resulting system into a larger model Preface 6 Contents 10 1 Social Networks and Labour–Education Market System 12 1.1 Social Networks 12 1.1.1 Required Minimum from the Graph Theory 13 1.1.2 Creating, Maintaining and Dissolving Social Ties 14 1.1.3 Structure of Social Networks 17 1.2 Individual Behaviour in the Education Market 19 1.2.1 Individual Aspects: Ability, Sex and Personality 20 1.2.2 Social Environment: Family, Social Class and Social Networks 22 1.2.3 Monetary Costs and Benefits 23 1.3 Individual Behaviour in the Labour Market 24 1.3.1 Methods of Job Search and Recruitment 25 1.3.2 Overeducation 26 1.3.3 Quitting the Job 30 2 Complex Adaptive Systems and Agent-Based Modelling 34 2.1 What Is Agent-Based Modelling? 34 2.2 Why to Use Agent-Based Modelling... 36 2.2.1 ...for Modelling Complex Adaptive Systems? 36 2.2.2 ...If Traditional Economic Modelling Exists? 38 2.2.3 ...If Other Simulation Methods Exist? 40 2.3 How to Do ABM? 44 2.3.1 From Goal to Implementation 44 2.3.2 Parametrisation and Calibration: Setting Parameters 45 2.3.3 Validation: Checking the Model 47 2.3.4 Running the Model 47 2.3.5 Analysing Output and Its Sensitivity 48 2.4 Limitations of ABM 48 3 Using Agent-Based Modelling in Studying Labour–Education Market System 50 3.1 Modelling Education Market 51 3.1.1 Modelling the Structure of Education System 52 3.1.2 Modelling the Willingness to Study and the Application Step 54 3.1.3 Modelling the Outcomes of the Willingness to Study 58 3.2 Modelling Labour Market 60 3.2.1 Skipping Firms and the Vacancy Mechanism 60 3.2.2 Adding Firms and the Vacancy Mechanism 65 3.2.3 Modelling Firm Dynamics 69 3.3 Modelling Social Network 71 3.3.1 Adapting a Network Generation Algorithm 73 3.3.2 Defining Tie Creation and Destruction Principles 78 3.3.3 Calibrating the Network Structure 80 3.4 To Embed or Not to Embed? 81 Concluding Remarks 84 References 86 Index 101 Annotation This book covers the modelling of human behaviour in the education and labour markets, which due to their interdependency are viewed as one system. Important factors influencing the decision-making of individuals and firms in this system are discussed. The role of social environment and networks is stressed. The approach of agent-based modelling is presented and compared with standard economic modelling and other simulation techniques in the context of modelling complex adaptive systems. Practical questions in building agent-based models of labour-education market system with social networks are discussed. These questions include modelling the structure of education system and agent behaviour there; modelling and calibrating the labour market without and with firms; generating the social network, defining its behaviour and calibrating it; and embedding the resulting system into a larger model This book covers the modelling of human behaviour in the education and labour markets, which due to their interdependency are viewed as one system. Important factors influencing the decision-making of individuals and firms in this system are discussed. The role of social environment and networks is stressed. The approach of agent-based modelling is presented and compared with standard economic modelling and other simulation techniques in the context of modelling complex adaptive systems. Practical questions in building agent-based models of labourâ#x80;#x93;education market system with social networks are discussed. These questions include modelling the structure of education system and agent behaviour there; modelling and calibrating the labour market without and with firms; generating the social network, defining its behaviour and calibrating it; and embedding the resulting system into a larger model This book covers the modelling of human behaviour in the education and labour markets, which due to their interdependency are viewed as one system. Important factors influencing the decision-making of individuals and firms in this system are discussed. The role of social environment and networks is stressed. The approach of agent-based modelling is presented and compared with standard economic modelling and other simulation techniques in the context of modelling complex adaptive systems. Practical questions in building agent-based models of labourĺleducation market system with social networks are discussed. These questions include modelling the structure of education system and agent behaviour there; modelling and calibrating the labour market without and with firms; generating the social network, defining its behaviour and calibrating it; and embedding the resulting system into a larger model Front Matter....Pages i-x Social Networks and Labour–Education Market System....Pages 1-22 Complex Adaptive Systems and Agent-Based Modelling....Pages 23-38 Using Agent-Based Modelling in Studying Labour–Education Market System....Pages 39-72 Back Matter....Pages 73-92