A Projection for Labour Demand and Supply in Singapore to 1985

in Asian Journal of Social Science
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Abstract

The purpose of this paper is to project the demand for labour in various sectors of the Singapore economy to 1985. The supply of labour will also be forecast and compared with labour demand. A labour demand equation will be specified and tested by the data of the period 1960-1974. Part I will discuss the specification of the model and data collection. Part II reports the regression results and Part III provides a projection based on average growth rate of variables in the labour demand equation. The final part compares the projected labour demand and labour supply for the period 1975-1985. Observations will be derived and implications discussed in the same section.

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