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 individualsâ 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 Society for Computational Economics in its series Computing in Economics and Finance 2003 with number 35.
Date of creation: 01 Aug 2003
Date of revision:
labor force participation; three-state dynamic model; multivariate probit; Markov chain Monte Carlo;
Other versions of this item:
- Voicu, Alexandru, 2002. "Agriculture: Transition Buffer or Black Hole? A Three-State Model of Employment Dynamics," IZA Discussion Papers 676, Institute for the Study of Labor (IZA).
- 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
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