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Working Paper

Ratio Estimation of the Labor Force : A Preliminary Study for Illustration

페이스북
커버이미지
  • 저자 이규식
  • 발행일 1973/04/01
  • 시리즈 번호 7301
원문보기
요약 In a previous study, we have compared the labor force data
with the population census data, and indicated a need for
adjustment of the labor force data so that it will be consistent
with the trend of population. This note is intended to show the
nature of work required for such an adjustment, and to
demonstrate an outcome of the adjustment by a sample
calculation.

The adjustment of the labor force data would involve taking
the "ratio estimation" procedure to obtain the population
estimates from the sample counts. In the Annual Report on the
Economically Active Population, all figures amount to the sample
counts themselves; i.e., the estimates for the population values
were obtained by simply multiplying 1000 to the sample counts
for the sample size was 1/1000.

In this note, following this ratio estimation procedure, we
have adjusted employment, unemployment, and "not in the labor
force" for the years from 1966 through 1970. In the next section,
the steps of computation and the problems with basic data are
briefly noted; and our adjusted series is compared with the
EPB`s unadjusted series in the third section. In the last section,
the steps involved in the overall project for the adjustment of
the Korean labor force data are outlined.

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