RTI uses cookies to offer you the best experience online. By clicking “accept” on this website, you opt in and you agree to the use of cookies. If you would like to know more about how RTI uses cookies and how to manage them please view our Privacy Policy here. You can “opt out” or change your mind by visiting: http://optout.aboutads.info/. Click “accept” to agree.
A cobweb model of occupational choice is found to fit the data almost as well as a rational expectations model, even though there are large forecastable changes in demand. Striking differences, however, are revealed when we simulate the two models.
