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Econometrics of Individual Labor Market Transitions

Author

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  • Fougère, Denis

    (Sciences Po, Paris)

  • Kamionka, Thierry

    (CREST-INSEE)

Abstract

This survey is devoted to the modelling and the estimation of reduced-form transition models, which have been extensively used and estimated in labor microeconometrics. The first section contains a general presentation of the statistical modelling of such processes using continuous-time (event-history) data. It also presents parametric and nonparametric estimation procedures, and focuses on the treatment of unobserved heterogeneity. The second section deals with the estimation of markovian processes using discrete-time panel observations. Here the main question is whether the discrete-time panel observation of a transition process is generated by a continuous-time homogeneous Markov process. After discussing this problem, we present maximum-likelihood and bayesian procedures for estimating the transition intensity matrix governing the process evolution. Particular attention is paid to the estimation of the continuous-time mover-stayer model, which is the more elementary model of mixed Markov chains.

Suggested Citation

  • Fougère, Denis & Kamionka, Thierry, 2005. "Econometrics of Individual Labor Market Transitions," IZA Discussion Papers 1850, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp1850
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    Cited by:

    1. Iwai, Nobuyuki & Emerson, Robert D. & Walters, Lurleen M., 2006. "Farm Employment Transitions: A Markov Chain Analysis with Self-Selectivity," 2006 Annual meeting, July 23-26, Long Beach, CA 21353, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Pavla Nikolovova & Filip Pertold & Mario Vozar, 2014. "Self-employment and Small Workplaces in the Czech and Slovak Republics: Microeconometric Analysis of Labor Force Transitions," Proceedings of Economics and Finance Conferences 0402132, International Institute of Social and Economic Sciences.

    More about this item

    Keywords

    unobserved heterogeneity; labor market transitions; markovian processes; mover-stayer model;
    All these keywords.

    JEL classification:

    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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