Analysis of labour participation behaviour of Korean women with dynamic probit and conditional logit

Myoung-jae Lee, Yoon Hee Tae

Research output: Contribution to journalArticle

12 Citations (Scopus)

Abstract

We analyse the dynamic labour participation behaviour of Korean women. State dependence under unobserved heterogeneity is considered, where the heterogeneity may be unrelated, pseudo-related, or arbitrarily related to regressors. Three minor methodological contributions are made: interaction terms with lagged response are allowed in dynamic conditional logit; a three-stage algorithm for dynamic probit is proposed; and treating the initial response as fixed is shown to be ill-advised. The state dependence is about 0.6 × SD(error), higher for the married or junior college-educated, and lower for women in their twenties and thirties. While education increases participation, college education has negative effects for women in their forties or above. Marriage has a high negative short-term effect but a positive long-term effect.

Original languageEnglish
Pages (from-to)71-91
Number of pages21
JournalOxford Bulletin of Economics and Statistics
Volume67
Issue number1
DOIs
Publication statusPublished - 2005 Feb 1
Externally publishedYes

Fingerprint

Probit
Logit
labor
participation
Unobserved Heterogeneity
Minor
education
marriage
Term
interaction
Interaction
Participation
Labor
Conditional logit
Education
State dependence

ASJC Scopus subject areas

  • Statistics and Probability
  • Economics and Econometrics
  • Social Sciences (miscellaneous)

Cite this

Analysis of labour participation behaviour of Korean women with dynamic probit and conditional logit. / Lee, Myoung-jae; Tae, Yoon Hee.

In: Oxford Bulletin of Economics and Statistics, Vol. 67, No. 1, 01.02.2005, p. 71-91.

Research output: Contribution to journalArticle

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