IDEAS home Printed from https://ideas.repec.org/p/ese/iserwp/1994-27.html
   My bibliography  Save this paper

Semi-Markov and Markov labour histories

Author

Listed:
  • Burdett, Kenneth
  • Taylor, Mark P.

Abstract

It is possible to construct a panel of labour market flows from the first wave of the British Household Panel Study. Using this data, a three-state Markov model of labour market transitions is specified and estimated, using the proportional hazard function approach. The three states considered are unemployment, employment and self-employment. The purpose of this exercise is to illustrate how Markovian models can be used to identify the determinants of labour market flows. The sample used consists of mature males (25-55 years old) as this to a large extent eliminates the problems associated with non-participation. Specification tests reveal that the null hypothesis that an individuals labour market history can be described by a Markov process can not be rejected, and hence the time invariant hazard rates are used to evaluate the steady state proportions.

Suggested Citation

  • Burdett, Kenneth & Taylor, Mark P., 1994. "Semi-Markov and Markov labour histories," ISER Working Paper Series 1994-27, Institute for Social and Economic Research.
  • Handle: RePEc:ese:iserwp:1994-27
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ese:iserwp:1994-27. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jonathan Nears). General contact details of provider: http://edirc.repec.org/data/rcessuk.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.