Resource title

Employment Dynamics in the Romanian Labor Market: A Markov Chain Monte Carlo Approach

Resource image

image for OpenScout resource :: Employment Dynamics in the Romanian Labor Market: A Markov Chain Monte Carlo Approach

Resource description

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.

Resource author

Alexandru Voicu

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/21518

Resource license

Adapt according to the presented license agreement and reference the original author.