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Macroeconomic model reference

Labor Market ABM Model

How do search frictions, firm hiring rules, and heterogeneous worker skills generate unemployment duration distributions, wage dispersion, and Beveridge curve dynamics that aggregate models compress away?

Agent-based models · Derivation

Labor Market ABM mechanics: assumptions and equations

Trace the Labor Market ABM mechanics through assumptions, notation, equations, and failure cases.

Macro by Mark

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Concepts, data, and nearby models

Open the concept, data series, policy setting, or neighboring model that anchors this page.

Concepts

UnemploymentLabor market structureBusiness cycles

Indicators

Unemployment ratelabor.unemployment.rateLabor force participationlabor.participation.rateInitial jobless claimslabor.jobless_claims.initial

Policy

Labor-market stabilizationFiscal policy

Nearby models

Fiscal inequality ABMVAROkun's law