5. Shortage indicators by occupation and countrv This chapter has three purposes. Firstly, it discusses the methodology of measuring skill shortages, the data employed and the results. Secondly, the anecdotal information in Chapter 4 is related to the indicators in this chapter. Thirdly, the internal consistency of the indicators developed in this chapter is analysed. Four indicators were used to measure labour shortages in the 19 countries studied. Not all four indicators were available in each country. The indicators were developed for up to 47 occupational groups. Not all groups could be obtained in each country. In some countries groups had to be W h e r aggregated because the detail was not available. The four indicators used were: average annual employment growth by occupation 1995-98, unemployment rate average 1996-98 by occupation, average annual wage change by occupation 1995-98, and the amount of time required to prepare for the occupation. In two countries, Australia and Sweden, data for the exact period could not be obtained, so data from 199798 in Sweden and 1997-99 in Australia were used. Ranks of 1 to 5 were assigned for each occupation in each country using the same criteria. A rank of 5 meant the labour market indicator was most favourable to the worker and most likely to indicate a labour shortage. For example, if employment grew an average of 4 per cent or more per year from 1995 to 1998 in an occupation in a country, a rank of 5 was assigned to this...
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