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

Determine value of root mean square error for dataset-anova, 1. The followi...

1. The following data consists of a 3 (age) x 2 (sex) natural design in which the proportion of pretend play between parents and infants changes as a function of age.  The DV (Y) i

Long run equilibrium, 1. Suppose that a monopolistically competitive firm m...

1. Suppose that a monopolistically competitive firm must build a production facility in order to produce a product.  The fixed cost of this facility is FC = $24.  Also, the firm ha

Economics Question about Financial Crisis, Hello there! I am currently doin...

Hello there! I am currently doing an MBA course about the financial crisis which is quite challenging. Today we were given a question about the topic: Long term capital management

Narrowness definition of commodity, Why narrowness of definition of a commo...

Why narrowness of definition of a commodity may influence price elasticity of demand

Private, Question: (a) Using an example, differentiate between private...

Question: (a) Using an example, differentiate between private, social and external costs and benefits. (b) With the use of a diagram, describe the difference between profi

EM13106443, May I get a quote on order number EM13106443. Thanks

May I get a quote on order number EM13106443. Thanks

Microeconomics and the market system, Suppose you are a painter, and the pr...

Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon t $3.50 a gallon. Your usage of paint drops from 35 gallons to 20 gallons a month. 1. Co

Quizzes, I need someone to do my quizzes it has 24 questions each. There ar...

I need someone to do my quizzes it has 24 questions each. There are a total of 11 quizzes

Estimate the decline parameters and economic rate of return, 1. The figure ...

1. The figure below is historical production data from the Kuparuk River field. The OOIP is 5,332,979 Mstb and cumulative recovery through 12/31/2004 is 1,971,200,654 stb.

Determine the indirect utility function in brief, Determine the indirect ut...

Determine the indirect utility function in brief. Indirect Utility Function: The ordinary utility function, u(x), is described over the consumption set X and thus to as the

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