TY  - RPRT
        AU  - Voicu, Alexandru
        TI  - Agriculture: Transition Buffer or Black Hole? A Three-State Model of Employment Dynamics
        PY  - 2002/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 676
        UR  - https://www.iza.org/publications/dp676
        AB  - 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.
        KW  - labor force participation
KW  - three-state dynamic model
KW  - multivariate probit
KW  - Markov chain Monte Carlo
KW  - transition economy
KW  - land reform
        ER  -