TY  - RPRT
        AU  - Voicu, Alexandru
        TI  - Employment Dynamics in the Romanian Labor Market: A Markov Chain Monte Carlo Approach
        PY  - 2002/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 438
        UR  - https://www.iza.org/publications/dp438
        AB  - 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.
        KW  - Markov chain Monte Carlo
KW  - transition economy
KW  - Employment dynamics
        ER  -