Agriculture: Transition Buffer or Black Hole? A Three-State Model of Employment Dynamics

We analyze the effect of land reform legislation on labor market dynamics in the Romanian economy. We show that the agricultural sector, a source of precarious employment, has become an absorbing state for certain categories of workers who lost their jobs in the nonagricultural sector. A random utility model is used to represent individuals’ sequential labor market decisions. The resulting multivariate probit model is estimated using Markov chain Monte Carlo methods.

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Year of publication:	2002-12
Authors:	Voicu, Alexandru
Institutions:	Institute for the Study of Labor (IZA)
Subject:	labor force participation \| three-state dynamic model \| multivariate probit \| Markov chain Monte Carlo \| transition economy \| land reform

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 4 Number 676 48 pages
Classification:	C11 - Bayesian Analysis ; C15 - Statistical Simulation Methods; Monte Carlo Methods ; C33 - Models with Panel Data ; C35 - Discrete Regression and Qualitative Choice Models ; J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005703700