%0 Report
        %A Voicu, Alexandru
        %T Agriculture: Transition Buffer or Black Hole? A Three-State Model of Employment Dynamics
        %D 2002
        %8 2002 Dec
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 676
        %U https://www.iza.org/publications/dp676
        %X 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.
        %K labor force participation
%K three-state dynamic model
%K multivariate probit
%K Markov chain Monte Carlo
%K transition economy
%K land reform