Authors: Pryanishnikov, Ivan; Zigova, Katarina

Venue: Austrian Journal of Statistics

Type: Publication

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.

DOI: 10.5167/uzh-265750