Skill Development, Skill Premium, and Technological Change

Author(s):  
Harshil Sharma

This chapter looks to analyze three aspects skill: premium or wage incentive, existence of skill-biased technical change, and problems with current vocational training programs prevailing in India. All these three aspects will be analyzed with a gender-based approach specifically looking at female outcomes in comparison to male outcomes. This study would also throw some light on why labor force participation rate has been low in the case of females in India. Using NSSO data, it is found that skill premium was falling for women in labor-intensive sectors and rising in capital-intensive sectors, but it had no major effect on skill premium of total workforce due to low female labor force participation rate. Overall skill premium is stagnant for total workforce, and capital skill complementarity is not present in case of Indian economy. Movement of labor in Indian economy has been from one unskilled sector (agriculture) to another unskilled sector (construction). The study also finds that the major reason behind skill development system being supply driven is lack of involvement of the private sector financially.

2005 ◽  
Vol 39 (3) ◽  
pp. 637-662 ◽  
Author(s):  
Serge Feld

Labor force trends up to 2025 for the fifteen countries (before May 1, 2004) of the European Community are examined. Will demographic decline have an early effect on manpower volume? An estimation is made to determine whether present migratory flow levels in these countries will be sufficient to counter labor force stagnation. Manpower trend scenarios are proposed for each country. They show highly contrasting situations. These countries favor different policies for mobilizing and increasing their manpower volume. There is wide divergence between the various EU countries as concerns their demographic situation and labor force participation rate as well as their social security systems. Considering these highly diverse national characteristics, the difficulty in arriving at a consensus on EU migratory policy harmonization is stressed.


2017 ◽  
Vol 4 (2) ◽  
pp. 217 ◽  
Author(s):  
Adnan Khaliq ◽  
Dilawar Khan ◽  
Sultan Akbar ◽  
Muhammad Hamayun ◽  
Barkat Ullah

Female labor force plays a significant role in the economic development of a country. The core objective of this paper is to examine the nexus between female labor force participation rate and Pakistan’s economic growth using time series data for the period 1990-2014. The data was extracted from World Development Indicators database. Augmented-Dickey Fuller (ADF) test was applied to examine the data for unit root. The results show that both the variables--- female labor force participation rate and economic growth---are stationary at first difference i.e. I(1). The error correction model (ECM) and Johansen co-integration tests were used to examine the co-integration relation between the variables. The econometric results conclude that there is long-run and a U-shaped link between economic growth and women labor force participation rate of Pakistan. The results conclude that lower female labor force participation rate leads to lower economic growth in Pakistan. This paper has important policy implications, suggests that policies intend to remove such barriers could help to enhance the Pakistan’s economic growth.


2019 ◽  
Vol 8 (2) ◽  
pp. 68-81
Author(s):  
Igo Septa Saputra ◽  
Zulfanetti Zulfanetti ◽  
Jaya Kusuma Edi

This research aim to: First, analyze the development of labor force participation rate, minimum wages, consumer price index and gross regional domestic product in Jambi Province. This study use time series data between 2000-2017 with data analysis method used namely quantitative descriptive analysis and Ordinary Least Square (OLS) method. Based on the result of data processing using the OLS method in multiple regression equations in 2000-2017 results were obtained. That the average development of the labor force participation rate, minimum wage, consumer price index and gross regional domestic product fluctuative from year to year. Based on processing data obtained results: (1) Consumer price index variable have a positive and not significant effect on labor force participation rate in Jambi Province; (2) The variable minimum wages and gross regional domestic product have a positive and significant effect on minimum wages in Jambi Province. Keywords:       Labor Force Participation Rate,  Minimum Wages, Consumer Price Indexand, and Gross Regional Domestic Product.


Sign in / Sign up

Export Citation Format

Share Document