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

39 Pages Posted: 16 Feb 2002

See all articles by Alexandru Voicu

Alexandru Voicu

City University of New York (CUNY) - College of Staten Island; IZA Institute of Labor Economics

Date Written: February 2002

Abstract

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.

Keywords: Employment Dynamics, Transition Economy, Markov Chain Monte Carlo

JEL Classification: C15, C35, J23

Suggested Citation

Voicu, Alexandru, Employment Dynamics in the Romanian Labor Market: A Markov Chain Monte Carlo Approach (February 2002). IZA Discussion Paper No. 438, Available at SSRN: https://ssrn.com/abstract=300658

Alexandru Voicu (Contact Author)

City University of New York (CUNY) - College of Staten Island ( email )

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United States
718-982-2899 (Phone)

HOME PAGE: http://www.library.csi.cuny.edu/~pep/voicu.htm

IZA Institute of Labor Economics ( email )

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