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Interpreting Gaps in Manpower Forecasting Models
Author(s) -
Borghans Lex,
Willems Ed
Publication year - 1998
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/1467-9914.00083
Subject(s) - market clearing , economic shortage , flexibility (engineering) , economics , neglect , clearing , interpretation (philosophy) , labour economics , market mechanism , macroeconomics , computer science , finance , management , medicine , linguistics , philosophy , nursing , government (linguistics) , programming language
In manpower forecasting labour market developments are analysed in terms of shortages and surpluses. Such an approach seems to neglect the flexibility of the labour market, present in most economic labour market models. It is shown that an appropriate interpretation of gaps in manpower forecasting does not exclude a full functioning of the market clearing mechanism.