Stability Analysis of a Stochastic Unemployment Model

Abstract

This paper investigates the effect of stochastic perturbations on the deterministic UEV framework, which characterizes the problem of unemployment in poor countries. It examines how the system behaves and stays stable under random fluctuations. We study the existence and uniqueness of the non-negative solution. Furthermore, we examine the asymptotic behavior of this solution by analyzing the stability of the system at equilibrium points under some conditions. Finally, some numerical simulations are performed to verify the theoretical analysis using Matlab.