Probabilistic Projections of Public Employment and Expenditures

Larry Schroeder
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Larry Schroeder: Syracuse University

Public Finance Review, 1980, vol. 8, issue 3, 259-276

Abstract: Public sector labor expenditures depend upon the level and composition of employment as well as their associated wage rates. This article uses a Markov probability model to project the composition of employment across personnel grades and time-in-grade categories. The model can then be applied under alternative hiring policies. The approach is demonstrated on police employment and expenditures in Syracuse, New York.

Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:8:y:1980:i:3:p:259-276

DOI: 10.1177/109114218000800301

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