@TechReport{iza:izadps:dp676,
            	author={Voicu, Alexandru},
            	title={Agriculture: Transition Buffer or Black Hole? A Three-State Model of Employment Dynamics},
            	year={2002},
	month={Dec},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={676},
            	url={https://www.iza.org/publications/dp676},
	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},
            }