Agriculture: transition buffer or black hole? : a three-state model of employment dynamics

Alexandru Voicu

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:	Dezember 2002
Authors:	Voicu, Alexandru
Publisher:	Bonn : IZA
Subject:	labor force participation \| three-state dynamic model \| multivariate probit \| Markov chain Monte Carlo \| transition economy \| land reform \| Agrarreform \| Agrarian reform \| Landwirtschaft \| Agriculture \| Systemtransformation \| Economic transition \| Beschäftigungseffekt \| Employment effect \| Schätzung \| Estimation \| Ukraine

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Agriculture: transition buffer or black hole?. - Bonn : IZA, 2002. - 46 S

Persistent link: https://www.econbiz.de/10011415572