Multivariate and Multicriteria Evaluation of Labour Market Situation

Monika Sedenkova and Jiri Horak
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Monika Sedenkova: VSB – Technical University
Jiri Horak: VSB – Technical University

No 2006.67, Working Papers from Fondazione Eni Enrico Mattei

Abstract: Nowadays the analysts of labour markets have a lot of different data and indicators that can be used for the evaluation of the labour market and monitor its development. But such a great number of monitoring determinants can create problems both with the evaluation and with the description of the situation of the labour market. Thus it is necessary to select a limited number of important indicators. A tool that can help with the selection of these indicators is a method of multidimensional statistics – multivariate analysis. In some cases it is necessary to use only one complex indicator that can evaluate the labour market from a lot of aspects. For a solution we can use multicriteria evaluation. These methods are described in this paper. We recommend a procedure for the in-depth study of the labour market situation.

Keywords: Labour Market; GIS; Factor Analysis; Multicriteria Evaluation (search for similar items in EconPapers)
JEL-codes: C C3 C30 (search for similar items in EconPapers)
Date: 2006-04
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