Demand and supply of labour by education in Norway towards 2030
Demand and supply of labour by education in Norway towards 2030
Demand and supply of labour by education in Norway towards 2030
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The macroeconomic model MODAG<br />
• Disaggregated model with 21 <strong>in</strong>dustries <strong>and</strong> <strong>in</strong>put-output cernal based<br />
on the National Accounts<br />
• Econometric equations describ<strong>in</strong>g behaviour<br />
• Man-hours, employed persons <strong>and</strong> wage rates<br />
• St<strong>and</strong>ard version homogenous <strong>labour</strong><br />
• Extended version: Labour divided <strong>in</strong> 5 categories <strong>by</strong> level <strong>of</strong> <strong>education</strong><br />
• Labour <strong>supply</strong> based on participation rates <strong>by</strong> <strong>education</strong>, gender <strong>and</strong><br />
age from LFS<br />
• Consistency: NA = LFS + foreigners work<strong>in</strong>g <strong>in</strong> Norwegian firms<br />
• Used for medium term analyses up to 20 years ahead<br />
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