Analysis of workforce programs
I am doing an analysis of workforce training programs. What is the best way to measure the economic contribution of job placement programs - should you treat the income of the placements as a change in household income - and thereby only have an induced impact - or should you import households as an institution and put in the income - and then you get the direct, indirect and induced impacts. The results are similar - but not identical? Also - to confirm - in version 3 you should enter the actual change in income - while - if I remember correctly - you needed to use PCE or DPI in Version 2.0.
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