Employment dynamics in the Romanian labor market : a Markov chain Monte Carlo approach

Alexandru Voicu

We use micro data from the Romanian Labor Force Survey to analyze the effect of the restructuring process on the employment dynamics of urban residents in the Romanian labor market. We analyze the way personal characteristics influence individuals' ability to adjust to labor market transformations. Sequential employment decisions made by individuals are modeled as Markov decision processes. The resulting multivariate probit models are estimated using Markov Chain Monte Carlo techniques.

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Year of publication:	2002
Authors:	Voicu, Alexandru
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Employment dynamics \| transition economy \| Markov chain Monte Carlo \| Arbeitsmarkt \| Labour market \| Systemtransformation \| Economic transition \| Erwerbsverlauf \| Occupational attainment \| Arbeitsangebot \| Labour supply \| Schätzung \| Estimation \| Rumänien \| Romania \| 1992-1999

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Extent:	Online-Ressource ([1], 37 S.) graph. Darst.
Series:	Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. 438
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Notes:	Systemvoraussetzungen: PDF Reader
Other identifiers:	hdl:10419/21518 [Handle]
Classification:	C15 - Statistical Simulation Methods; Monte Carlo Methods ; J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment ; C35 - Discrete Regression and Qualitative Choice Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011406632