TY - T1 - Nested multinomial logit model: an application to the labour market transitions of the ageing unemployed SN - / UR - http://hdl.handle.net/10138/9938 T3 - A1 - Pyy-Martikainen, Marjo A2 - PB - Y1 - 2000 LA - en AB - The purpose of this licentiate thesis is to study the theory of the nested multinomial logit model and to apply the model in the analysis of the labour market transitions of ageing unemployed. The nested multinomial logit model is based on the theory of stochastic utility maximisation. According to the theory of stochastic utility maximisation, each type of exit out of unemployment yields a certain amount of utility to an individual. An individual who maximises this utility chooses the typ... VO - IS - SP - OP - KW - ageing - labour market transitions; nested multinomial logit model N1 - PP - ER -