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| Titel: |
A Markov model of school versus work choices of black and white young men |
| Auteur: |
Stephenson, Stanley P. |
| Verschenen in: |
Applied economics |
| Paginering: | Jaargang 14 (1982) nr. 1 pagina's 43-61 |
| Jaar: |
1982-02 |
| Inhoud: |
This paper examine the actual school versus labour force participation choices made over time by a nationally representative sample of black and white youths and focuses on the way in which personal and economic factors alter the distribution of such choices. The empirical analysis involves using a multinominal logit model to predict the cells in Markov transition probability matrices. Next the sensitivity of the probability predictions to variation in selected predetermined variables is examined. With this procedure, we are able to better understand the way in which, say a change in the local unemployment rate alters the relative choices made by a youth regarding school enrollment, labour force participation or some combintion. A secondary goal of this paper is to compare empirical results obtained for white and black youths using a procedure implied by Coleman et al.(1972). 2 |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 1 van 8 gevonden artikelen
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