ERIC Number: ED445254
Record Type: Non-Journal
Publication Date: 2000
Reference Count: N/A
Labour Market Models and Their Use in Projecting Vocational Education and Training Requirements.
Burns, Mike; Shanahan, Martin
This report focuses on use of large-scale economy-wide models in Australia for occupational forecasting and their use in the vocational education and training (VET) sector for making decisions about training profiles across occupational areas. Section 2 reviews objectives of VET policy as defined in the legislation and Australian National Training Authority annual reports. Section 3 provides a non-technical overview of international perspectives on the role of occupational forecasting in VET planning and identifies informational requirements of VET planning. Section 4 reports the views and practices of personnel in the VET sector relating to use of labor market projections. Section 5 discusses economic modeling, including the: nature of economic models, constructions of models, different types of economic models, model uses and limitations, and implications of VET requirements for model design and structure. Section 6 describes development of major economic models; reviews research of comparative model evaluation; describes major recent developments in the Monash and Murphy modeling capability; examines the National Institute of Economic and Industry Research model, modern multi-country general equilibrium models, and the latest modeling methodologies used for occupational forecasting overseas; and examines strengths and weaknesses of these approaches; and analyzes how they are used in the VET sector. (Contains 80 references.) (YLB)
Descriptors: Decision Making, Developed Nations, Economic Research, Educational Planning, Employment Projections, Foreign Countries, Job Training, Labor Force Development, Labor Needs, Labor Utilization, Models, Postsecondary Education, Secondary Education, Vocational Education
National Centre for Vocational Education Research, 252 Kensington Road, Leabrook, South Australia 5068, Australia; Tel: 08 8333 8400, Fax: 08 8331 9211, E-mail: firstname.lastname@example.org; Web site: http://www.ncver.edu.au ($26.95 Australian).
Publication Type: Opinion Papers; Reports - Evaluative
Education Level: N/A
Sponsor: Australian National Training Authority, Melbourne.
Authoring Institution: National Centre for Vocational Education Research, Leabrook (Australia).
Identifiers - Location: Australia