Title : Labor Market Efficiency in Indonesia: An Empirical Evidence from Household Survey
Authors:
- Tripitono Adi Prabowo
- Dyah Wulansari
- Lilik Sugiharti
Department : Economics
Journal Name : Journal of Contemporary Issues in Business and Government
Kinds of Journal : -
Keywords : Labor Markets, Efficiency, SFA
ABSTRACT
This paper aims to the Measure Labor Markets Efficiency Using Production Framework. Using Houshold Social and Economic Survey Run by Bureau Statistical Agency, We Estimate the Production Frontier of Human Capital Function in Determining Earnings. We estimate the model since 1998 until 2014 but with missing some years of observation those 2004, 2005, and 2011. We estimate the on the base of the cross section data and we compare them to other periods applying corrected ordinary least square (cols), Corrected Median Median Absolute Deviation (CMAD), And Maximum Likelihood Function for Stochastic Frontier Analysis (SFA). The results show that all input variables are strongly significant with positive sign. All three methods of estimation results consistent parameters both in terms of values and signs. The efficiency scores of laboratory markets in Indonesia are relatively very low but have increased pattern every year.
For details : https://cibgp.com/au/index.php/1323-6903/article/view/1463
