Interrelation between Supply and Demand Factors in Regional Labor Markets

The article presents the author’s approach to the analysis of matching the demand for labor and its supply. The essence of the approach lies in the dynamic assessment the closeness of the relationship between two sets of indicators describing each of the factors. The proposed model for calculating t...

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Main Authors: Alexander Nikolaevich Tyrsin, Elena Vitalyevna Vasilyeva
Format: Article
Language:Russian
Published: Economic Research Institute of the Far East Branch of the Russian Academy of Sciences 2022-07-01
Series:Prostranstvennaâ Èkonomika
Subjects:
Online Access:http://www.spatial-economics.com/images/spatial-econimics/2022_2/SE.2022.2.083-100.Tyrsin.pdf
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author Alexander Nikolaevich Tyrsin
Elena Vitalyevna Vasilyeva
author_facet Alexander Nikolaevich Tyrsin
Elena Vitalyevna Vasilyeva
author_sort Alexander Nikolaevich Tyrsin
collection DOAJ
description The article presents the author’s approach to the analysis of matching the demand for labor and its supply. The essence of the approach lies in the dynamic assessment the closeness of the relationship between two sets of indicators describing each of the factors. The proposed model for calculating the coefficient characterizing the closeness of the relationship allowed us to consider simultaneously the factors of the formation of demand for labor and its supply, as well as to make quantitative estimates. The approach was tested using the data from the subjects of the Russian Federation situated in the Ural Federal District. The results of the assessment showed that during the period from 2000 to 2019 the closeness of relationship between the indicators of supply and demand factors in the labor market increased. The most significant contribution to the coordination between supply and demand in the regional labor markets is made by the demographic factor, i.e. the share of the population of working age. In addition, in some subjects of the Russian Federation, the functioning of the labor market is quite significantly affected by the retail turnover, the amount of investment in fixed assets and the graduation of specialists. The use of the coefficient of closeness of the relationship allowed us to consider simultaneously all the indicators of the factors of supply and demand in the labor market and make quantitative estimates. Such a unique approach makes it possible to avoid the objectively existing restrictions in the statistical accounting of employment and unemployment
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spelling doaj.art-a1032b06c8644d6dbed03baa2a1652e42022-12-22T02:27:36ZrusEconomic Research Institute of the Far East Branch of the Russian Academy of SciencesProstranstvennaâ Èkonomika1815-98342587-59572022-07-011828310010.14530/se.2022.2.083-100Interrelation between Supply and Demand Factors in Regional Labor MarketsAlexander Nikolaevich Tyrsin0https://orcid.org/0000-0002-2660-1221Elena Vitalyevna Vasilyeva1https://orcid.org/0000-0002-0446-1555Ural Federal University; South Ural State University (National Research University)Institute of Economics of the UB RASThe article presents the author’s approach to the analysis of matching the demand for labor and its supply. The essence of the approach lies in the dynamic assessment the closeness of the relationship between two sets of indicators describing each of the factors. The proposed model for calculating the coefficient characterizing the closeness of the relationship allowed us to consider simultaneously the factors of the formation of demand for labor and its supply, as well as to make quantitative estimates. The approach was tested using the data from the subjects of the Russian Federation situated in the Ural Federal District. The results of the assessment showed that during the period from 2000 to 2019 the closeness of relationship between the indicators of supply and demand factors in the labor market increased. The most significant contribution to the coordination between supply and demand in the regional labor markets is made by the demographic factor, i.e. the share of the population of working age. In addition, in some subjects of the Russian Federation, the functioning of the labor market is quite significantly affected by the retail turnover, the amount of investment in fixed assets and the graduation of specialists. The use of the coefficient of closeness of the relationship allowed us to consider simultaneously all the indicators of the factors of supply and demand in the labor market and make quantitative estimates. Such a unique approach makes it possible to avoid the objectively existing restrictions in the statistical accounting of employment and unemploymenthttp://www.spatial-economics.com/images/spatial-econimics/2022_2/SE.2022.2.083-100.Tyrsin.pdflabor marketdemandsupplylabor forceregion
spellingShingle Alexander Nikolaevich Tyrsin
Elena Vitalyevna Vasilyeva
Interrelation between Supply and Demand Factors in Regional Labor Markets
Prostranstvennaâ Èkonomika
labor market
demand
supply
labor force
region
title Interrelation between Supply and Demand Factors in Regional Labor Markets
title_full Interrelation between Supply and Demand Factors in Regional Labor Markets
title_fullStr Interrelation between Supply and Demand Factors in Regional Labor Markets
title_full_unstemmed Interrelation between Supply and Demand Factors in Regional Labor Markets
title_short Interrelation between Supply and Demand Factors in Regional Labor Markets
title_sort interrelation between supply and demand factors in regional labor markets
topic labor market
demand
supply
labor force
region
url http://www.spatial-economics.com/images/spatial-econimics/2022_2/SE.2022.2.083-100.Tyrsin.pdf
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