ECONOMICS OF EDUCATION: Are you able to provide an analysis of the dos and don’ts of Labor Market Analysis approach?

CHAPTER 8

METHODOLOGIES OF EDUCATIONAL PLANNING

8b ii). Provide an analysis of the dos and don’ts of Labor Market Analysis approach

THE DOs AND DON’TS OF Labor Market Analysis approach

Less Emphasis on More Emphasis on

  1. Planning Policymaking and Analysis
  2. Manpower Labour Force
  3. Counting Heads Measuring Wages
  4. Firm Labour Surveys Household surveys
  5. Opinion surveys Tracer Studies
  6. Occupational profile Education Profile
  7. Public Sector Only Private and Informal Sector
  8. Production Efficiency Only Equity/Poverty
  9. Technical Efficiency Economic Efficiency
  10. Output Labour relationships Cost-Benefit Analysis
  11. Fixed Wages Flexible Wages
  12. Manpower needs labor Supply and Demand
  13. Skill Specific Training General Training
  14. School-Based Training Firm-Based Training
  15. Free Educational /training Cost-Recovery/Used fees
  16. Public Education/Training Private Education/Training
  17. Filling Long-Term Skill Gaps correcting Present Labour Market
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