Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20818
Authors: 
Voicu, Alexandru
Year of Publication: 
2003
Series/Report no.: 
IZA Discussion paper series 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.
Subjects: 
labor force participation
three-state dynamic model
multivariate probit
Markov chain Monte Carlo
transition economy
land reform
JEL: 
J23
C35
C11
C15
C33
Document Type: 
Working Paper

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