Evolution of agents behavior in the labor market

Maria A. Nastych^abc, Nikolay D. Balashov<sup>a

a</sup> St. Petersburg State University, Economic Faculty, 62 Chaikovskogo St., St. Petersburg, 190000, Russia
^b St. Petersburg State University, Faculty of Liberal Arts and Sciences, 58–60 Galernaya St., St. Petersburg, 190000, Russia
^c Center for Market Studies and Spatial Economics (CMSSE), National research university "Higher school of economics", B. 47, pr. Rimskogo–Korsakova, Saint Petersburg, Russia, 190068

Abstract: The paper studies imbalance of labor supply and labor demand relative to qualifications. Every person faces a problem of choosing a right path for his future career. On the other hand, employers have a dilemma either to hire insufficient qualified personnel in a particular field and train until he or she reaches required level of qualification, or seek an opportunity to hire skilled personnel. We model these choices trough the evolutionary game theory approach.

Keywords: labor market, qualification, evolution.

Language: English