Labor Market Dynamics: A Hidden Markov Approach

Labor Market Dynamics: A Hidden Markov Approach
This paper proposes a hidden state Markov model (HMM) that incorporates workers’ unobserved labor market attachment into the analysis of labor market dynamics. Unlike previous literature, which typically assumes that a worker’s observed labor force status follows a first-order Markov process, the proposed HMM allows workers with the same labor... READ MORE...

Publication date: December 2019
ISBN 9781513519265
$18.00

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