Loss of a job

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ccooper

• January 22, 2010 20:17

I've been asked to estimate the impact of the loss of one job in a particular sector, and in particular the fiscal impact. I am doing this by making a custom event with a trivial change in industry revenues and a -1 change in employment (and a loss of an average wage). Is this the right approach?

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  ScottL

  • January 22, 2010 21:01

  You can just enter the -1 employment value and the event value will be populated.

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  ScottL

  • January 22, 2010 21:01

  You can just enter the -1 employment value and the event value will be populated.

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  DougO

  • January 22, 2010 21:14

  One job is a fairly tiny impact, most of the employment impact in the reports may be lost in the far receding decimal places. If you need detail, I suggest running -1000 jobs and dividing the results by 1000. The results are exactly the same (input-output is linear), but you can control the decimals.

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  DougO

  • January 22, 2010 21:14

  One job is a fairly tiny impact, most of the employment impact in the reports may be lost in the far receding decimal places. If you need detail, I suggest running -1000 jobs and dividing the results by 1000. The results are exactly the same (input-output is linear), but you can control the decimals.

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  ccooper

  • January 22, 2010 21:49

  OK, thanks for the suggestion.

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  ccooper

  • January 22, 2010 21:49

  OK, thanks for the suggestion.

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