Arbeitspapier
Labor Market Entry and Earnings Dynamics: Bayesian Inference Using Mixtures-of-Experts Markov Chain Clustering
This paper analyzes patterns in the earnings development of young labor market en- trants over their life cycle. We identify four distinctly di®erent types of transition patterns between discrete earnings states in a large administrative data set. Further, we investigate the e®ects of labor market conditions at the time of entry on the probability of belonging to each transition type. To estimate our statistical model we use a model-based clustering approach. The statistical challenge in our application comes from the di±culty in extending distance-based clustering approaches to the problem of identify groups of similar time series in a panel of discrete-valued time series. We use Markov chain clustering, proposed by Pam- minger and FrÄuhwirth-Schnatter (2010), which is an approach for clustering discrete-valued time series obtained by observing a categorical variable with several states. This method is based on ¯nite mixtures of ¯rst-order time-homogeneous Markov chain models. In order to analyze group membership we present an extension to this approach by formulating a prob- abilistic model for the latent group indicators within the Bayesian classi¯cation rule using a multinomial logit model.
- Language
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Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 1011
- Classification
-
Wirtschaft
- Subject
-
Labor Market Entry Conditions
Transition Data
Markov Chain Monte Carlo
Multinomial Logit
Panel Data
Auxiliary Mixture Sampler
Bayesian Statistics
Lohn
Junge Arbeitskräfte
Berufseinstieg
Erwerbsverlauf
Markovscher Prozess
Monte-Carlo-Methode
Bayes-Statistik
Schätzung
Österreich
- Event
-
Geistige Schöpfung
- (who)
-
Frühwirth-Schnatter, Sylvia
Weber, Andrea
Winter-Ebmer, Rudolf
- Event
-
Veröffentlichung
- (who)
-
Johannes Kepler University of Linz, Department of Economics
- (where)
-
Linz
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Frühwirth-Schnatter, Sylvia
- Weber, Andrea
- Winter-Ebmer, Rudolf
- Johannes Kepler University of Linz, Department of Economics
Time of origin
- 2010
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Einflüsse von Störgrössen auf die im Agroökosystem Winterweizen auftretenden Schaderregerarten und ihre Interaktionen
Labor Market Entry and Earnings Dynamics: Bayesian Inference Using Mixtures-of-Experts Markov Chain Clustering
Analysing plant closure effects using time-varying mixture-of-experts Markov chain clustering
Analysing plant closure effects using time-varying mixture-of-experts Markov chain clustering
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Labor market policy in Austria during the crises
Clash of career and family: fertility decisions after job displacement
Clash of Career and Family: Fertility Decisions after Job Displacement
Clash of career and family: Fertility decisions after job displacement
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