Econometrics of Individual Labor Market Transitions
AbstractThis survey is devoted to the modelling and the estimation of reduced-form transition models, which have been extensively used and estimated in labor microeconometrics. The first section contains a general presentation of the statistical modelling of such processes using continuous-time (event-history) data. It also presents parametric and nonparametric estimation procedures, and focuses on the treatment of unobserved heterogeneity. The second section deals with the estimation of markovian processes using discrete-time panel observations. Here the main question is whether the discrete-time panel observation of a transition process is generated by a continuous-time homogeneous Markov process. After discussing this problem, we present maximum-likelihood and bayesian procedures for estimating the transition intensity matrix governing the process evolution. Particular attention is paid to the estimation of the continuous-time mover-stayer model, which is the more elementary model of mixed Markov chains.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1850.
Length: 50 pages
Date of creation: Nov 2005
Date of revision:
Publication status: published in: Patrick Sevestre and Lazlo Matyas (eds.), The Econometrics of Panel Data: Handbook of Theory and Applications, 3rd ed., Springer, 2008, 865-905
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Other versions of this item:
- Denis Fougère & Thierry Kamionka, 2005. "Econometrics of Individual Labor Market Transitions," Working Papers 2005-24, Centre de Recherche en Economie et Statistique.
- C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
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- Iwai, Nobuyuki & Emerson, Robert D. & Walters, Lurleen M., 2006. "Farm Employment Transitions: A Markov Chain Analysis with Self-Selectivity," 2006 Annual meeting, July 23-26, Long Beach, CA 21353, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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