Modeling and forecasting of women's labor force on labor market of Serbia

• Main Author: Dakić Stojanka
• Format: Article
• Language: English
• Published: University of Novi Sad - Faculty of Economics, Subotica 2014-01-01
• Series: Anali Ekonomskog fakulteta u Subotici
• Subjects: forecasting; labor market; women position
• Online Access: https://scindeks-clanci.ceon.rs/data/pdf/0350-2120/2014/0350-21201432367D.pdf

The position of women on the labor market is the key factor of economic stability and social status of women. It is actually a very important sphere for the establishment of gender equality in society. Statistical data for a number of years indicate very unfavorable trends on the labor market in Serbia - the growth of (already high) unemployment rate and the presence of low labor engagement of the population. The status of women on the labor market is one of the aspects of long-term adverse trends. The aim of this study is to test the quality of predictions of engagement of women on the labor market of Serbia, and calculate basic forecasting indicators and making conclusions about the most successful method of predicting when the female labor force on the Serbian labor market is concerned. Prediction is a necessary precursor to the planning process and involves the investigation of future events. Econometric models can be successfully used to predict future developments occur, and thus help in making important decisions for the future, as well as taking adequate preventive actions aimed at improving the position of women on the labor market in the future.