Labour market models and their use in projecting vocational education and training requirements
Authors:
Mike Burns, Martin Shanahan
Publication date: 
11 June 2000
Publication type:
Research report
Theme:
VET in context > Economic aspects of VET > Labour market models
ISBN:
0 87397 616 9
This report describes the use of large-scale economy-wide models which are available in Australia for occupational forecasting and their use in the VET sector. The paper provides:
* a brief review of objectives of VET policy
* an overview of international perspectives on the role of occupational forecasting in VET planning
* a description of the views and practices of personnel in the VET sector who use labour market projections
* an introductory discussion of economic modelling including the nature of economic models, the construction of models, different types of models and the uses and limitation of models
* an evaluation of the use of economic and econometric models in assisting VET decisions, particularly the Monash and Murphy models