A regime switching model of schooling choice as a job search process
type: Item
instance of: scholarly article
title: A regime switching model of schooling choice as a job search process
zbMATH Open document ID: 1376.91118
DOI: 10.1155/2015/475279
author: Yong Hyun Shin
author: Ho-Seok Lee
published in: Advances in Mathematical Physics
publication date: 2016-05-02T00:00:00Z
review text: 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.
Mathematics Subject Classification ID: 91B68
Mathematics Subject Classification ID: 60H10
Mathematics Subject Classification ID: 60J28
Mathematics Subject Classification ID: 90C40
Mathematics Subject Classification ID: 91B40
zbMATH DE Number: 6575730
Wikidata QID: Q59102490
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2015/475279
OpenAlex ID: W2173818008
cites work: Schooling as a job search process
cites work: Irreversible investment with regime shifts
cites work: Threshold-Type Policies for Real Options Using Regime-Switching Models
description: scientific article; zbMATH DE number 6575730