Embedded In The Human Capital Analysis Of The Labor Market Disequilibrium

The labor market is an important component in system of socialist market economic system.Since reforming and opening, The labor market has gradually developed, developing and mature inour country, But due to the influence of nature, society, system, idea and so on,and compared toother elements of market, labor market development relative lag, The labor market development isunbalanced state, and It already brought seriously effect to our country labor natural resourcesoptimize configuration, the play of function of whole of market economic system and the process ofconstructing harmonious society. Therefore, in the face of the disequilibrium labor market, how toincrease breed strength, improve the efficiency of resources allocation, Improve labor marketefficiency, relief of labor supply and demand imbalance and and correct the structural imbalance ofthe market, improve the construction of labor market, labor force market and other markets’coordinated development, promote social harmony, stability, fairness, has become China’s economicsystem reform needs to be studied and solved major task.At present, the western economics is based on walrasian general equilibrium, its core theory isthat a wide variety of goods is decided by the general equilibrium price when there are infinitelymany items under the conditions of the market, with perfect competition as the research background,application of mathematical deduction, from currency exchange, production, capital formation, andfour aspects to determine relative prices across markets in general equilibrium theory system.General equilibrium theory is perfectly balanced by price error, the formation of equilibrium pricerequires conditions: completeness and symmetry of information; Price changes are free, sensitiveand rapid; Each market there is a quote, it was able to quickly provide price information to traders,and not traded before reaching equilibrium price. Obviously, these conditions do not exist in therealistic economy, trading is not necessarily to be carried out in accordance with the equilibriumprice, the market may not settle. Non-walrasian analysis method is the inconsistency of supply anddemand of market environment, the economic actors to face all kinds of quantity and priceconstraints, how to adjust their effective demand and effective supply and achieve a quota balancethe economy. Non walrasian equilibrium theory, also known as disequilibrium theory, is with thehelp of more general assumptions, application in the walrasian general equilibrium theory has beensuccessful, on the basis of walrasian general equilibrium theory, it is not balanced. It allows not offand not completely competitive market, it researches the market changed from disequilibrium toequilibrium time adjustment process, emphasizes the change of prices-the number of signals, makeseffective reach equilibrium of supply and demand of each market. Disequilibrium theory is that, in all markets, all time, completely dependent on price adjustment makes the supply and demand equalchance forever.Traders in the market at the same time won the price signals and quantity, by priceand number of constraints at the same time, the price-number of mixed adjustment method is thefoundation of equilibrium analysis method, and the due to the method in order to realize thecombination of western macroeconomics and microeconomics aspect opens up a new way, it iscloser to the actual situation of the economy, can explain some use general equilibrium analysis isdifficult to answer the question, thus brought to the attention of a growing number of economists.Non walrasian equilibrium theory in the west as the background of market economy, it proposedprices-quantity together to adjust the quota mechanism and the application of the principles of shortside, many economic problems for us to study socialism is very significance.Based on above analysis, this paper on the basis of Barro,RobertJ.,and Herschel I.Grossman andBenassy,Jean-Pascal’s disequilibrium theory model, it put the human capital factors into theframework,discussion of disequilibrium hypothesis gradually relaxed mode, structure disequilibriummodel, human capital to the influence of unbalanced regional and contrast analysis of two cases(with the factors of human capital and non human capital factors), in different effectiveness ofunbalanced regional Labour market economic policy, and to give corresponding policy adviceparameters are located in different area, the empirical analysis on labor market disequilibriumdevelopment in our country. The last article on China’s labor market disequilibrium developmentcarries on the empirical analysis. In the theoretical model building, we will product and labor supplyand demand unbalanced attributable to three different areas. In the below, H>1means that themodel includes human capital factors, H=1means that the model does not include human capitalfactors.First of all, it is in non equilibrium analysis that the wage and price are fully rigid, product andlabor supply and demand is divided into three regions, in the areas of labor excess supply andproduct excess demand, reducing real wages is the key to improve the employment status.It existsdifference between the situation of H=1and H>1that the changes of nominal wage brings theeconomic effects. In the situation of H=1, Lower wages plays a role of alleviating unemploymentand increasing product supply. In the situation of H>1, employment is a decreasing function of thesalary, but the output is an increasing function of salary.In this area, the traditional Keynesprotectionist measures is very undesirable effect.It is in the areas that product market and labormarket are in excess supply, Keynes’s policy is very effective, and The increase in governmentexpenditure does not crowd out private consumption,in contrary,It encourages private consumptionincrease.It does not affect the policy effect in the region when we put the factors of human capitalinto the model. and Keynes’s policy on improving human capital plays a positive effect.It is in theareas that the labor market and product market are in excess supply, the situation of H=1and H>1will not change the suppressed inflation characteristics.But in the situation of H>1, Government policy which brought about the Policy effect is smaller than the situation of H=1.It is noteworthy inthis regional that government expenditure on private consumption is complete extrusion.Secondly, it is in non equilibrium analysis that the wage and price are telescopic.the part alsoanalyzes three classical non-equilibrium regionals. In the areas of labor excess supply and productexcess demand,Whether or not introducing human capital factors, we can obtain traditional Keynes’soverall effect,in the situation of H=1,the classical policy of Changes in nominal wages W is invalidon production and employment.In the situation of H>1,the nominal wage is a decreasing functionof output and employment.If the product price has been increased, we can obtain double effect ofrelieving product excess supply and reducing unemployment rate.It is in the region that Productmarket is supply and demand balance and labor market is excess supply. Classical policy effects intwo kinds of circumstances(H=1and H>1)are very different.In the situation of H=1, Risingwages brought positive effects on output and employment.so reducing the wage level can rise toalleviate the effects of unemployment.in the situation of H>1, there is a negative relationshipbetween the nominal wages and output and employment.It is in the region that Product market issupply and demand balance and labor market is excess demand. Due to the level of employmentreaches the maximum value, the traditional Keynes’s policy became completely inactive. Privateconsumption is government spending completely extrusion.Classical policy effects in two kinds ofcircumstances (H=1and H>1) exists obvious difference.In the situation of H=1, Changes innominal wages which belong to the "classical policy" will not affect the level of employment. In thesituation of H>1, in the long run, the only way that manufacturers want to manipulate the quotarestriction is to raise the wages of the workers, because rising wages can inspire families to increasethe investment of human capital, so as to improve the level of human capital.Third, In non equilibrium analysis of the wage index, it is conclusions that the index cansignificantly modify the relative validity of various anti-unemployment policies.in the areas of laborand product excess supply, we can obtain the traditional Keynes’s overall effect, but classical policyare completely ineffective. In the situation of H>1, Keynes doctrine and classical policy caneffectively eliminate unemployment and raise the level of human capital.It is in the region thatProduct market is supply and demand balance and labor market is excess supply,the needs policy’seffectiveness of The Keynes doctrine is decreasing gradually as the degree of index is increasinggradually,It is in the situation that the nominal wages are indexed completely According to thestandard of price.the needs policy’s effectiveness of the Keynes doctrine even becomes completelyinvalid. If we put the factors of human capital in the the non equilibrium model, we will find that“Keynesian doctrine” and “classical policy” has smaller output and employment effect in comparewith the case of non human capital factors. It is in the region that Product market is supply anddemand balance and labor market is excess demand, Whether or not containing human capitalfactors, Keynes doctrine and Classical policy is completely ineffective on the level of output andemployment. The forth, it is in non equilibrium analysis that economic behavior person set product pricebased on objective and subjective demand curve. Mathematical analysis shows that, the Watrasequilibrium is a special limit form, when the Elastic coefficientof non equilibrium model tends toinfinity.that is to say when the cognitive demand curve has infinite elasticity, we will get such result.If we gradually relaxed disequilibrium hypothesis condition, the research for non equilibrium notonly increases the general,but also not sacrifices strict, because prices and wages are deriveddirectly from the maximization problem.such result is different from supply and demand equalcondition in Walras model,in which supply and demand equal condition was simply treated as thebasic assumptions,this not only expands on Walras equilibrium framework, but also enriched theWalras equilibrium model in which price and wage are completely fixed.More importantly,when weput the human capital factors into the model of imperfect competition,we will get a more complete,more abundant analysis framework which is better than the model of traditional market clearing.The last,in the empirical research of Chinese labor market, in single market disequilibriummodel and empirical test, we see that there are some differences in construction and estimation byintroducing the factor of human capital and non human capital factor model, Compared to no humancapital status, better fitting effect by introducing the factor of human capital model, compared toother factors, The factors of human capital brings greater utility, And in the non equilibrium modelembedded in human capital factors, the overall influence of explanatory variables in thegreater.Secondly, based on the labor market disequilibrium of the inspection, the labor market of ourcountry run obviously in non-equilibrium state, the surplus of labor supply and excess demand turnsis normal, The overall trend is supply over demand, The final volume of the labor market is very farfrom the macro short edge principle.Finally, This article constructs and empirical test of labour andconsumer goods dual market disequilibrium model, model reflects the essential characteristics ofmulti-market disequilibrium model: spillover effects across markets. From the dual labor market, theconsumer market disequilibrium model in the empirical analysis, it has a significant spillover effectbetween markets, and has a tendency to grow.On one hand, the conclusion of this study contributes to the understanding and application ofour deeper disequilibrium theory, on the other hand, it helps to better grasp the law of the operationof labor, for evaluation and design of labor market policy better, more important of all,it hastheoretical and practical significance.