2011
EMSS 2011 Proceeding
Job Satisfaction Modelling in Agent-Based Simulations
Authors: Alexander Tarvid
Abstract
Theoretical labour market models that incorporate social networks have largely focused on the steady-state of the system, ignoring their short- and medium-term dynamic effects. In many agent-based models of job search, the unemployed were either static, taking any vacancy proposed to them, or chose among vacancies based on either proposed wage or whether there were any of their friends employed in the firm. Thus, job satisfaction, an important multi-faceted concept in the labour market literature, has been overlooked. We propose a way to measure job satisfaction and illustrate how it can be incorporated in an agent-based model of the labour market. We use a simulation to study the dynamics of this model.
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