Labor Force Participation Dynamics in the Romanian Labor Market

Alexandru Voicu

No 481, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

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 inviduals' 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 (search for similar items in EconPapers)
JEL-codes: C15 C35 J23 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2002-07-01
New Economics Papers: this item is included in nep-dcm and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:wdi:papers:2002-481

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