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A simple mathematical model for unemployment: a case study in Portugal with optimal control. (arXiv:1801.00058v1 [math.OC])

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We propose a simple mathematical model for unemployment. Despite its simpleness, we claim that the model is more realistic and useful than recent models available in the literature. A case study with real data from Portugal supports our claim. An optimal control problem is formulated and solved, which provides some non-trivial and interesting conclusions.


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