Labor Force Participation Dynamics in the Romanian Labor Market

39 Pages Posted: 6 Dec 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: July 4, 2002

Abstract

We use micro data from the Romanian Labor Force Survey to analyze the effect of the restructuring process on the Romanian labor market. We identify the reallocation mechanisms at work in the Romanian labor market, and we analyze the way personal characteristics influence individuals' ability to adjust to labor market transformations. Participation decisions made by individuals are modeled as Markov decision processes. The resulting multivariate probit models are estimated using Markov Chain Monte Carlo techniques.

Keywords: labor force participation, transition economy, Markov chain, Monte Carlo

JEL Classification: C15, C35, J23

Suggested Citation

Voicu, Alexandru, Labor Force Participation Dynamics in the Romanian Labor Market (July 4, 2002). William Davidson Institute Working Paper No. 481. Available at SSRN: https://ssrn.com/abstract=320111 or http://dx.doi.org/10.2139/ssrn.320111

Alexandru Voicu (Contact Author)

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

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718-982-2899 (Phone)

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

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