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Dynamic labor : Participation behavior of Korean women

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Frame of Image  unrelated, pseudo-related, or related arbitrarily to regressors, which is done by dynamic probits and a recently developed dynamic conditional logit. In terms of methodological contribution, a simple three-stage algorithm is proposed for dynamic probits, which reduces the computation time about by half; it is also shown that the often-used practice of treating the initial response as fixed should not be used. The following main empirical conclusions emerged. First, the state dependence is about 0.6 × S D(error), higher for married or junior-college-educated, and lower for women in 20’s and 30’s; state dependence is almost zero for single young women; the degree of state dependence is lower than that for developed countries. Second, while education increases participation, college education has negative effects for women in 40’s or above. Third, marriage has a very high negative short-term effect but a positive long-term effect. These findings have a number of policy implications. First, rather than college education, junior college education more geared for job skills should be supported. Second, policy efforts to increase female labor participation should be directed at women of relatively high age (40 or above) or married. JEL Classification Numbers: C33, C35, J21. Key Words: labor participation, state dependence, panel data, conditional logit. 1
1. Introduction
For a choice variable, state dependence has an important implication: once a choice is made, then the sub ject is “hook


Full Text
Title Dynamic labor
Similar Titles
Sub Title

Participation behavior of Korean women

Material Type Reports
Author(English)

Lee, Myoung-Jae; Tae, Yoon-Hee

Publisher

Korea Labor Institute

Date 2003-05
Pages 24
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding Korea Labor Institute