Analysis of Labour Participation Behaviour of Korean Women with Dynamic Probit and Conditional Logit*
分析韩国女性劳动参与行为的动态特征，考虑状态依赖和未观测异质性，提出三种方法改进，发现状态依赖效应约为误差标准差的0.6倍，且婚姻和不同年龄段教育的影响存在差异。
Abstract We analyse the dynamic labour participation behaviour of Korean women. State dependence under unobserved heterogeneity is considered, where the heterogeneity may be unrelated, pseudo‐related, or arbitrarily related to regressors. Three minor methodological contributions are made: interaction terms with lagged response are allowed in dynamic conditional logit; a three‐stage algorithm for dynamic probit is proposed; and treating the initial response as fixed is shown to be ill‐advised. The state dependence is about 0.6 × SD(error), higher for the married or junior college‐educated, and lower for women in their twenties and thirties. While education increases participation, college education has negative effects for women in their forties or above. Marriage has a high negative short‐term effect but a positive long‐term effect.