review of concepts and approaches in labour market analysis pundy pillay n.
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Review of Concepts and Approaches in Labour Market Analysis Pundy Pillay. Outline. Labour Supply Labour Demand Defining the Labour Force Employment Unemployment Approaches to LM Analysis BankSeta Challenges. Labour Supply. Defining the LS Factors influencing LS Population Growth

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Presentation Transcript
outline
Outline
  • Labour Supply
  • Labour Demand
  • Defining the Labour Force
  • Employment
  • Unemployment
  • Approaches to LM Analysis
  • BankSeta Challenges
labour supply
Labour Supply
  • Defining the LS
  • Factors influencing LS
  • Population Growth
  • Level of Development
  • Education & Skills
  • Social Policy, esp. rel. to women
labour demand
Labour Demand
  • Definition
  • Factors influencing LD
  • Economic Growth
  • Economic Policy –e.g. export-driven; industrialization
  • Product Market
labour demand contd
Labour Demand (contd.)

4.Social Policy – e.g. teachers, doctors

5. Technology

6. Labour Costs

7. Skills

labour supply demand patterns in south africa
Labour Supply & Demand Patterns in South Africa
  • Labour Supply
  • Population
  • Age composition of the labour force
  • Education levels and skill composition
contd
Contd….
  • Labour Demand
  • Economic Growth
  • Economic Policy
  • Education & Skills
  • Technology, Occupation & Skills
  • Unions & Minimum Wages
the labour force
The Labour Force
  • Defining the Labour Force/e.a.p.
  • Labour Force Participation Rate
  • Factors influencing the LFPR
employment
Employment
  • Definition
  • Trends
  • Formal vs informal
  • Education & Employment
unemployment
Unemployment
  • Definition
  • Types of unemployment
  • Frictional
  • Structural
  • Seasonal
  • Cyclical
  • Voluntary vs Involuntary
  • Measuring Unemployment
approaches to lm analysis
Approaches to LM Analysis
  • Labour Supply + Labour Demand
  • Skills Development and LM Analysis
  • Macro-factors
  • Economic Growth
  • Economic Policy
  • Social Policy
  • Technology
  • Education & Skills
bankseta challenges
BankSeta Challenges

General Challenges

  • Data
  • Understanding both sides of the LM – supply & demand
  • General vs Specific Skills
  • Skills and Occupation
  • Forecasting skills – possibilities and limitations
contd specific challenges
Contd. – Specific Challenges
  • Sectoral data
  • Changes in the product market & skills
  • Impact of technology
  • Labour costs
  • Labour Productivity
  • Growth and the demand for labour
summary key determinants of employment unemployment
Summary – key determinants of employment & unemployment
  • Education and Skills
  • Technology
  • Location/region
  • Gender
  • Race
  • Socio-economic status