Agriculture: Transition Buffer or Black Hole? A Three-State Model of Employment Dynamics
AbstractWe 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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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 676.
Length: 49 pages
Date of creation: Dec 2002
Date of revision:
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Other versions of this item:
- Alexandru Voicu, 2003. "Agriculture: transition buffer or black hole? A three-state model of employment dynamics," Computing in Economics and Finance 2003 35, Society for Computational Economics.
- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
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