Evaluating impact on functioning of labour market
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Scope
Does the option have an impact on the functioning of the labour market?[1]
Definition
How well labour markets function is a key driver of economic output and also bears on the cyclical path of an economy. This question addresses impacts that are of a macroeconomic nature such as labour market participation, the long term unemployment rate, the regional difference in employment rates, the wage levels and stability and their links to aggregate demand and supply, labour productivity. Policies can affect the functioning of labour market directly (such as those limiting the barriers to new entrants in administrative or legal professions) or indirectly, by requesting skill upgrade for certain professions or tasks.[1]
Result
Indicators:
The following Eurostat Structural Indicators are relevant to address the key question:
- Labour productivity per person employed
- Labour productivity per hour worked
- Unit labour cost growth
- Inequality of income distribution
- Dispersion of regional employment rates
- Total long-term unemployment rate
There are no Eurostat Sustainable Development Indicators directly related to this key question[1]
See also
References
This text is for information only and is not designed to interpret or replace any reference documents.