Multivariate and Multicriteria Evaluation of Labour Market Situation

Monika Sedenkova and Jiri Horak

No 12088, Knowledge, Technology, Human Capital Working Papers from Fondazione Eni Enrico Mattei (FEEM)

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: Labor; and; Human; Capital (search for similar items in EconPapers)
Pages: 16
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:feemkt:12088

DOI: 10.22004/ag.econ.12088

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