Abstract

Abstract. The analysis of labour market dynamics is essential for labour market research and policy advice. We develop a flexible flow approach system — a multi‐accounting system (MAS) — dealing with flows and stocks on regional labour markets. Combining administrative data at the micro level with various macro data, the MAS describes the dynamic transition process of the 180 local labour market areas in Germany. We use a new algorithm, related to entropy optimization, to estimate unknown transitions. Compared with conventional methods, the main advantage of our proceeding is that additional information from different data sources can be included that is of an inherently fuzzy character.

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