Agriculture: Transition Buffer or Black Hole? A Three-State Model of Employment Dynamics

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:	2003
Authors:	Voicu, Alexandru
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Agrarreform \| Landwirtschaft \| Übergangswirtschaft \| Beschäftigungseffekt \| Schätzung \| Ukraine \| labor force participation \| three-state dynamic model \| multivariate probit \| Markov chain Monte Carlo \| transition economy \| land reform

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Series:	IZA Discussion Papers ; 676
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	846369249 [GVK] hdl:10419/20818 [Handle]
Classification:	J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment ; C35 - Discrete Regression and Qualitative Choice Models ; C11 - Bayesian Analysis ; C15 - Statistical Simulation Methods; Monte Carlo Methods ; C33 - Models with Panel Data
Source:	EconStor

Persistent link: https://www.econbiz.de/10010262229