Multinomial Logit Models for the Austrian Labor Market

Ivan Pryanishnikov, Katarina Zigova
2016 Austrian Journal of Statistics  
<p align="LEFT">In this paper we analyze the selection of industry branches by employees in the Austrian labor market. For this purpose we use the standard logit model and the heteroscedastic extreme value model. We show that the likelihood ratio test rejects the multinomial logit model in favor of the heteroscedastic specification. Consequently, we concentrate on estimation results of the heteroscedastic extreme value model. In our investigation we use 1997 social security records provided by
more » ... ecords provided by the Hauptverband der Sozialversicherungen.</p>
doi:10.17713/ajs.v32i4.461 fatcat:pqe3ftnapncfbcg2b3gml54l2q