Modelling the Duration of the First Job Using Bayesian Accelerated Failure Time Models
In this paper, the duration of the first job of young people aged 18–30 has been analyzed. The aim of the work is to find the distribution which best describes the investigated phenomenon. Bayesian accelerated failure time models have been used for modelling. The use of the Bayesian approach made it...
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| Format: | Article |
| Language: | English |
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Lodz University Press
2017-11-01
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| Series: | Acta Universitatis Lodziensis. Folia Oeconomica |
| Subjects: | |
| Online Access: | https://czasopisma.uni.lodz.pl/foe/article/view/927 |
| _version_ | 1819050354856165376 |
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| author | Wioletta Grzenda |
| author_facet | Wioletta Grzenda |
| author_sort | Wioletta Grzenda |
| collection | DOAJ |
| description | In this paper, the duration of the first job of young people aged 18–30 has been analyzed. The aim of the work is to find the distribution which best describes the investigated phenomenon. Bayesian accelerated failure time models have been used for modelling. The use of the Bayesian approach made it possible to extend past research. More precisely, prior information could be included in the study, which let us compare distributions of model parameters. Moreover, the comparison of explanatory power of competing models based on the Bayesian theory was possible. The duration of the first job for men and women was also compared using the abovementioned methods. |
| first_indexed | 2024-12-21T11:46:43Z |
| format | Article |
| id | doaj.art-699ba20d0f1d4c188ed32e971ea49785 |
| institution | Directory Open Access Journal |
| issn | 0208-6018 2353-7663 |
| language | English |
| last_indexed | 2024-12-21T11:46:43Z |
| publishDate | 2017-11-01 |
| publisher | Lodz University Press |
| record_format | Article |
| series | Acta Universitatis Lodziensis. Folia Oeconomica |
| spelling | doaj.art-699ba20d0f1d4c188ed32e971ea497852022-12-21T19:05:10ZengLodz University PressActa Universitatis Lodziensis. Folia Oeconomica0208-60182353-76632017-11-01433010.18778/0208-6018.330.021608Modelling the Duration of the First Job Using Bayesian Accelerated Failure Time ModelsWioletta Grzenda0Warsaw School of Economics, Institute of Statistics and Demography, Event History and Multilevel Analysis UnitIn this paper, the duration of the first job of young people aged 18–30 has been analyzed. The aim of the work is to find the distribution which best describes the investigated phenomenon. Bayesian accelerated failure time models have been used for modelling. The use of the Bayesian approach made it possible to extend past research. More precisely, prior information could be included in the study, which let us compare distributions of model parameters. Moreover, the comparison of explanatory power of competing models based on the Bayesian theory was possible. The duration of the first job for men and women was also compared using the abovementioned methods.https://czasopisma.uni.lodz.pl/foe/article/view/927parametric survival modelsAFT modelsthe Bayesian approachMCMCemployment |
| spellingShingle | Wioletta Grzenda Modelling the Duration of the First Job Using Bayesian Accelerated Failure Time Models Acta Universitatis Lodziensis. Folia Oeconomica parametric survival models AFT models the Bayesian approach MCMC employment |
| title | Modelling the Duration of the First Job Using Bayesian Accelerated Failure Time Models |
| title_full | Modelling the Duration of the First Job Using Bayesian Accelerated Failure Time Models |
| title_fullStr | Modelling the Duration of the First Job Using Bayesian Accelerated Failure Time Models |
| title_full_unstemmed | Modelling the Duration of the First Job Using Bayesian Accelerated Failure Time Models |
| title_short | Modelling the Duration of the First Job Using Bayesian Accelerated Failure Time Models |
| title_sort | modelling the duration of the first job using bayesian accelerated failure time models |
| topic | parametric survival models AFT models the Bayesian approach MCMC employment |
| url | https://czasopisma.uni.lodz.pl/foe/article/view/927 |
| work_keys_str_mv | AT wiolettagrzenda modellingthedurationofthefirstjobusingbayesianacceleratedfailuretimemodels |