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

Alexandru Voicu

No 676, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: labor force participation; three-state dynamic model; multivariate probit; Markov chain Monte Carlo; transition economy; land reform (search for similar items in EconPapers)
JEL-codes: C11 C15 C33 C35 J23 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2002-12
New Economics Papers: this item is included in nep-tra
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Citations: View citations in EconPapers (3)

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Working Paper: Agriculture: transition buffer or black hole? A three-state model of employment dynamics (2003)
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