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...
| Main Authors: | , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| 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 |
| id |
okr-10986-7623 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-76232021-04-23T14:02:34Z Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality Bosch, Mariano Maloney, William 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 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 using panel data from Argentina, Brazil and Mexico. The estimates suggest broad commonalities among the three countries, and establish numerous common patterns of worker mobility among sectors of work and inactivity. As such, we offer some of the first comparative work on labor dynamics. The paper then particularly focuses on the role of the informal sector, both for its intrinsic interest, and as a case study illustrating the strengths and limits of the tools. The results suggest that a substantial part of the informal sector, particularly the self-employed, corresponds to voluntary entry although informal salaried work may correspond more closely to the standard queuing view, especially for younger workers. 2012-06-11T14:06:38Z 2012-06-11T14:06:38Z 2007-12 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 English Policy Research Working Paper; No. 4429 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean South America Brazil Argentina Mexico |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
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 |
| spellingShingle |
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 Bosch, Mariano Maloney, William Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality |
| geographic_facet |
Latin America & Caribbean South America Brazil Argentina Mexico |
| relation |
Policy Research Working Paper; No. 4429 |
| description |
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 using panel data from
Argentina, Brazil and Mexico. The estimates suggest broad
commonalities among the three countries, and establish
numerous common patterns of worker mobility among sectors of
work and inactivity. As such, we offer some of the first
comparative work on labor dynamics. The paper then
particularly focuses on the role of the informal sector,
both for its intrinsic interest, and as a case study
illustrating the strengths and limits of the tools. The
results suggest that a substantial part of the informal
sector, particularly the self-employed, corresponds to
voluntary entry although informal salaried work may
correspond more closely to the standard queuing view,
especially for younger workers. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Bosch, Mariano Maloney, William |
| author_facet |
Bosch, Mariano Maloney, William |
| author_sort |
Bosch, Mariano |
| title |
Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality |
| title_short |
Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality |
| title_full |
Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality |
| title_fullStr |
Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality |
| title_full_unstemmed |
Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality |
| title_sort |
comparative analysis of labor market dynamics using markov processes : an application to informality |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
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 |
| _version_ |
1764402838043099136 |