Parameters | Description | Value |
π1 | Recruitment rate to the passive unemployment | 65 |
π2 | Recruitment rate to the active unemployment | 35 |
k1 | Rate at which unemployment (passive) becomes employed | 0.6 |
k2 | Proportion of active unemployment becomes employed | 0.4 |
γ1 | Rate of employed people returned to passive unemployed | 0.4 |
γ2 | Proportion of employed individual returned to active unemployed | 0.2 |
β1 | Rate at which retired people becomes unemployed (passive) | 0.4 |
β2 | Rate at which retired people becomes unemployed (active) | 0.2 |
ϕ | Vacancy creation by active unemployed people | 0.15 |
μ | Natural death | 0.05 |
δ | Those that died in the process of working | 0.01 |
η | Unpublicized available vacancies | 0.18 |
γ | Vacancy created by employed people | 0.2 |