Multinomial Logit Models for the Austrian Labor Market

  • Ivan Pryanishnikov Vienna University of Technology, Austria
  • Katarina Zigova Vienna Institute of Demography, Austrian Academy of Sciences

Abstract

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 the Hauptverband der Sozialversicherungen.

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Published
2016-04-03
How to Cite
Pryanishnikov, I., & Zigova, K. (2016). Multinomial Logit Models for the Austrian Labor Market. Austrian Journal of Statistics, 32(4), 267–282. https://doi.org/10.17713/ajs.v32i4.461
Section
Articles