Dynamical wavelet network model of Iranian male labor supply

Authors:
Amir Aghaei;Mehdi Karrari;Hamed Shakouri
Affiliations:
Electrical Engineering Department, University of Amirkabir, Tehran, Iran;Electrical Engineering Department, University of Amirkabir, Tehran, Iran;Electrical Engineering Department, University of Amirkabir, Tehran, Iran
Venue:
WAMUS'05 Proceedings of the 5th WSEAS International Conference on Wavelet Analysis and Multirate Systems
Year:
2005

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Abstract

High rate of unemployment is one of the most important economical problems causing various considerable social problems. In order to decrease the unemployment rate, economists should possess mathematical models of both parts of labor market, labor supply and demand. The labor supply is based on human behavior and economical variables, but the labor demand is based on economical factors. Thus, analytical modeling of labor supply is very difficult. The relationship between labor supply inputs is dynamic and very complex. This paper develops wavelet network to model the male labor supply. In fact, it assumes labor supply as a dynamic system presented in a black box model. By using wavelet network, a dynamic model of male labor supply is obtained dealing with system complexity.