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...
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2007/12/01
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Documento de trabalho sobre pesquisa de políticas
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WPS4429
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1
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1
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2010/07/01
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Disclosed
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Comparative analysis of labor market dynamics using markov processes : an application to informality
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informal sector
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