Megatrend and Intervention Impact Analyzer for Jobs: A Visualization Method for Labor Market Intelligence

Opik Rain (), Kirt Toomas () and Liiv Innar ()
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Opik Rain: Tallinn University of Technology, Akadeemia 15A, 12618Tallinn, Estonia.
Kirt Toomas: Statistics Estonia, Tatari 51, 10134Tallinn, Estonia.
Liiv Innar: Tallinn University of Technology, Akadeemia 15A, 12618Tallinn, Estonia.

Journal of Official Statistics, 2018, vol. 34, issue 4, 961-979

Abstract: This article presents a visual method for representing the complex labor market internal structure from the perspective of similar occupations based on shared skills; and a prototype tool for interacting with the visualization, together with an extended description of graph construction and the necessary data processing for linking multiple heterogeneous data sources. Since the labor market is not an isolated phenomenon and is constantly impacted by external trends and interventions, the presented method is designed to enable adding extra layers of external information. For instance, what is the impact of a megatrend or an intervention on the labor market? Which parts of the labor market are the most vulnerable to an approaching megatrend or planned intervention? A case study analyzing the labor market together with the megatrend of job automation and computerization is presented. The source code of the prototype is released as open source for repeatability.

Keywords: Labor market; megatrends; big data; visualization; network theory (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:offsta:v:34:y:2018:i:4:p:961-979:n:8

DOI: 10.2478/jos-2018-0047

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