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Forecasting the Educational Structure of Occupations: A Manpower Requirement Approach with Substitution
Author(s) -
Borghans Lex,
Heijke Hans
Publication year - 1996
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/j.1467-9914.1996.tb00081.x
Subject(s) - substitution (logic) , supply and demand , economics , microeconomics , econometrics , computer science , programming language
Manpower requirement forecasts are usually based on the assumption that discrepancies between supply and demand do not lead to adjustment processes at the labour market. We show, however, that even if the market mechanism functions completely, manpower requirement forecasts remain important information. On this basis, a manpower requirement approach is developed which incorporates the possibility of substitution processes at the labour market.