Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Estimating Occupational Structure of the Labour Force within Economic Sectors in the Target Year
The total output in the economy, the sectoral shares therein and labour productivity in each sector are now known for the target year. However, the input ‘labour’ is not a homogeneous category. There are a large number of persons with diverse occupational skills in each economic sector. There is need for information about the occupational structure of the economic sectors not only in the base year but also in the target year. The structure would have changed because of several interventions.
For this purpose, a typology of occupations is required so that a large number of occupations can be classified for operational purposes. The census of India follows an eight-fold classification of occupations for reporting about the occupational structure of the labour force. There is also an International Standard Classifications of Occupations (ISCO). The classification of occupations made at the first layer under the ISCO is as follows:
The proportion of persons in each of these eight major occupational groups in the ten major industrial sectors of the economy are estimated for the base year. These proportions will change for the target year in relation to changes in the economy, technology and investment policies. The sum of occupational distributions of persons in all the ten economic sectors derived on the basis of proportions estimated for the target year will provide the aggregate distribution in the economy. For instance, sales workers in all economic sectors could be aggregated to get total sales workers in the economy. The same procedure applies for other occupational groups.
(Granger, 1969, 1988), where it can be addressed in terms of a VAR (vector auto regression) system. If an export platform is important for the country, FDI inflows should result in
Disadvantages of division of labour: Division of labour may also have disadvantages that may include the following: (i) Lack of Craftsmanship Division of labour does not m
What is the difference between economics and business? Economics is the study of how we, the people, engage ourselves in production, distribution and consumption of goods and
Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
A firm is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do?
The government notices that there is an output gap and decides to increase government spending with a stimulus package of $4 trillion in hopes that it will spur growth and stop une
May I get a quote on title EM13106443. Thanks
Deviation in graph
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
what is ment by demand
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd