Estimating occupational structure, Microeconomics

Assignment Help:

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:

 

  1.  Professional, technical and related workers;
  2.  Administrative and Managerial workers;
  3.  Clerical and related workers;
  4.  Sales workers;
  5.  Service workers;
  6.  Agriculture, animal husbandry and forestry workers, fisherman and hunters;
  7.  Production and related workers, transport equipment operators and labourers;
  8.  Workers not classifiable by occupation and defence personnel.


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.


Related Discussions:- Estimating occupational structure

Various forms of aid a developing country might receive, What are the vario...

What are the various forms of aid a developing country might receive? Here the student must show clearly the difference between grant (donor) aid; reciprocal (tied) aid; bilat

Perfect competition, Perfect competition: Perfect completion refers to...

Perfect competition: Perfect completion refers to the market structure in which there are a large number of relatively small firms, each firm having freedom of entry into and

Economic analysis of asset replacements, An important aspect of municipal f...

An important aspect of municipal finance involves capital budgeting and resource allocation.  In some cases, resource allocations involve expenditures that are not directly revenue

Explain demand curve and fiscal policy, 1. Explain externality, how can gov...

1. Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? 2. Explain oligopoly's structure and use game t

Explain general equilibrium, Q. Explain General Equilibrium? General Eq...

Q. Explain General Equilibrium? General Equilibrium: Neoclassical economics presumes that production, employment, investment and income distribution are all determined by a con

Bilateral and Multilateral Contracts, Bilateral and Multilateral Contracts ...

Bilateral and Multilateral Contracts Bilateral contract is defined as to purchase & sell certain quantities of a commodity at the agreed upon prices may be entered into between the

Oparation research, discuss the significance of paration research

discuss the significance of paration research

Explain about employment rate, Q. Explain about Employment Rate? Emplo...

Q. Explain about Employment Rate? Employment Rate: This measures share of working age adults who are in fact employed in a paying position. Employment rate can be a better in

Draw a supply or demand diagram of the treasury bond market, 1) A) Suppose ...

1) A) Suppose that several months of data showed the CPI increasing at a 4.5% annual rate due largely to increases in the price of energy and food related commodities following sev

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd