A regime switching model of schooling choice as a job search process (Q277737)
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scientific article; zbMATH DE number 6575730
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| English | A regime switching model of schooling choice as a job search process |
scientific article; zbMATH DE number 6575730 |
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A regime switching model of schooling choice as a job search process (English)
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2 May 2016
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Summary: We propose a regime switching model of schooling choice as a job search process. We adopt a two-state Markov process and the derived coupled Bellman equations are solved by seeking the root of an auxiliary algebraic equation. Some numerical examples are also considered.
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0.7167351245880127
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0.7133844494819641
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0.704834520816803
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0.6991071701049805
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0.692263662815094
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