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Multivariate and Multicriteria Evaluation of Labour Market Situation

  • Monika Sedenkova

    (VSB – Technical University)

  • Jiri Horak

    (VSB – Technical University)

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    Nowadays the analysts of labour markets have a lot of different data and indicators that can be used for the evaluation of the labour market and monitor its development. But such a great number of monitoring determinants can create problems both with the evaluation and with the description of the situation of the labour market. Thus it is necessary to select a limited number of important indicators. A tool that can help with the selection of these indicators is a method of multidimensional statistics – multivariate analysis. In some cases it is necessary to use only one complex indicator that can evaluate the labour market from a lot of aspects. For a solution we can use multicriteria evaluation. These methods are described in this paper. We recommend a procedure for the in-depth study of the labour market situation.

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    Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2006.67.

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    Date of creation: Apr 2006
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    Handle: RePEc:fem:femwpa:2006.67
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