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 laboureducation 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.

Presents an agent-based approach to modeling the labour market Contains practical examples that illustrate modelling the complex interactions in the job market Includes supplementary material: sn.pub/extras

Inhalt
Social Networks and Labour-Education Market System.- Complex Adaptive Systems and Agent-Based Modelling.- Using Agent-Based Modelling in Studying Labour-Education Market System.