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Possible Benefits From a Labour Market Forecasting System

Author(s): Tamás Bakó, Zsombor Cseres-Gergely
Subject(s): Education, Labor relations, State/Government and Education, Policy, planning, forecast and speculation
Published by: Akadémiai Kiadó
Keywords: labour market; forecasting system; benefits; Hungary; education policy;

Summary/Abstract: This article looks at the possible gains for education policy from labour market forecasting. We provide an overview of the evolution of forecasting methods and review the economic rationalae motivating the systems at present working. We are able to demonstrate gains made from being able to use a general-purpose forecasting system, and we then introduce an ongoing development effort in Hungary - and give actual examples of gains made here; also, we provide examples concerning applications.

  • Issue Year: 20/2011
  • Issue No: 3
  • Page Range: 318-330
  • Page Count: 13
  • Language: Hungarian