Loss of a job
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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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. -
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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