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https://ssrn.com/abstract=372482
 
 

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


Alexandru Voicu


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

December 2002

IZA Discussion Paper No. 676

Abstract:     
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.

Number of Pages in PDF File: 48

Keywords: Labor Force Participation, Three-state Dynamic Model, Multivariate Probit, Markov Chain Monte Carlo, Transition Economy, Land Reform

JEL Classification: C11, C15, C33, C35, J23


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Date posted: February 7, 2003  

Suggested Citation

Voicu, Alexandru, Agriculture: Transition Buffer or Black Hole? A Three-State Model of Employment Dynamics (December 2002). IZA Discussion Paper No. 676. Available at SSRN: https://ssrn.com/abstract=372482

Contact Information

Alexandru Voicu (Contact Author)
City University of New York (CUNY) - College of Staten Island ( email )
NY
United States
718-982-2899 (Phone)
HOME PAGE: http://www.library.csi.cuny.edu/~pep/voicu.htm
IZA Institute of Labor Economics ( email )
P.O. Box 7240
Bonn, D-53072
Germany
+49 228 38 94 527 (Phone)
+49 228 38 94 510 (Fax)

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