As the world entered the twenty-first century, global skill shortages in many
occupations were evident throughout the world. While these were mitigated by a
global recession, there is no generally agreed upon method for measuring these
shortages. This book discusses various theories for measurement. Using data
collected from 19 developed countries in North and Latin America, Europe, and the
Pacific region, the authors explore various aspects of skilled labor shortages,
develop a methodology of measuring shortages by occupation, and provide estimates of
the likelihood of the occurrence of such shortages. They develop labor market
indicators which measure the degree of shortage or surplus in different
Subjects: business and management, human resource management, economics and finance, industrial organisation, social policy and sociology, labour policy
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