Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21518 
Year of Publication: 
2002
Series/Report no.: 
IZA Discussion Papers No. 438
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
We use micro data from the Romanian Labor Force Survey to analyze the effect of the restructuring process on the employment dynamics of urban residents in the Romanian labor market. We analyze the way personal characteristics influence individuals? ability to adjust to labor market transformations. Sequential employment decisions made by individuals are modeled as Markov decision processes. The resulting multivariate probit models are estimated using Markov Chain Monte Carlo techniques.
Subjects: 
Employment dynamics
transition economy
Markov chain Monte Carlo
JEL: 
C15
J23
C35
Document Type: 
Working Paper

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