Staff View: Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality

Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality

This paper discusses a set of statistics for examining and comparing labor market dynamics based on the estimation of continuous time Markov transition processes. It then uses these to establish stylized facts about dynamic patterns of movement usi...

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Bibliographic Details
Main Authors:	Bosch, Mariano, Maloney, William
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AGE GROUP AGE GROUPS BUSINESS CYCLE CALCULATION DEVELOPMENT ECONOMICS DISGUISED UNEMPLOYMENT DIVISION OF LABOUR ECONOMIC ACTIVITY EMPLOYMENT PATTERNS EMPLOYMENT SPELL EMPLOYMENT STATUS ENTREPRENEURIAL ABILITY ENTRY POINT EQUILIBRIUM UNEMPLOYMENT ESTIMATED PARAMETERS FAMILY RESPONSIBILITIES FIRM DYNAMICS FORMAL SECTOR WORKERS HIGH UNEMPLOYMENT HOUSEHOLD SURVEY INFORMAL EMPLOYMENT INFORMAL LABOR MARKET INFORMAL SECTOR INTERNATIONAL PRICES JOB CREATION JOB DESTRUCTION JOB SEPARATION JOB TURNOVER JOBS LABOR ECONOMICS LABOR FORCE LABOR FORCE PARTICIPATION LABOR LEGISLATION LABOR MARKET LABOR MARKET FLEXIBILITY LABOR MARKET TRANSITIONS LABOR MARKETS LABOR MOBILITY LABOR TURNOVER LABOUR LABOUR MARKET LATIN AMERICAN LEVEL OF EDUCATION MALE COUNTERPARTS MARKET WAGE MEDICAL BENEFITS MINIMUM WAGES NEW JOB NEW JOBS OLDER WORKERS POLITICAL ECONOMY PRIME AGE PROBABILITIES PROBABILITY QUESTIONNAIRE RECESSION RESPONSIBILITIES RISK AVERSION SAFETY SAFETY NET SALARIED EMPLOYMENT SALARIED WORKERS SELF EMPLOYED SELF EMPLOYMENT SELF- EMPLOYMENT SELF-EMPLOYMENT SINGLE FEMALES SINGLE WOMEN SOCIAL SECURITY STOCKS TEMPORARY WORK TOTAL EMPLOYMENT TOTAL LABOR FORCE TRADE LIBERALIZATION UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT DURATIONS UNEMPLOYMENT FIGURE UNEMPLOYMENT RATE UNEMPLOYMENT SPELLS URBAN EMPLOYMENT URBAN EMPLOYMENT SURVEY WAGE DETERMINATION WORK FORCE WORK IN PROGRESS WORKER WORKING WORTH YOUNG PEOPLE YOUNG WORKERS YOUNGER WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2007/12/8835902/comparative-analysis-labor-market-dynamics-using-markov-processes-application-informality http://hdl.handle.net/10986/7623

Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality

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