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№ 2016/3

Forecasting methods and models


YURYK Yaryna Ivanivna1, KUZMENKO G. 2

1Institute for Economics and Forecasting, NAS of Ukraine
2Alior Bank S.A., Poland

Creating a scoring model to assess risk events on the labor market

Ekon. prognozuvannâ 2016; 3:107-118https://doi.org/10.15407/eip2016.03.107


ABSTRACT ▼

The study's main goal is testing the creation of a scoring model to meet the challenges of forecasting, classification and diagnosis of risk events on the labor market. Particularly, the given model includes joint influence of socio-demographic and skill based characteristics of the employees, provides a point based ranking of the workers by the risk (probability) of the loss of job (unemployment).
The given model not only allows structuring the process of preparing possible solutions for the risk management, but also provides a basis for the preliminary assessment of significance of the employees' characteristics, supposedly related to the probability of their transition to the unemployed.
The use of scoring models as a tool of assessing the risk events in the labor market may be useful both for public institutions, for example employment services, and for the employers.

Keywords: scoring model, risk, labor market, unemployment


JEL: C25, Е24, E27

Article in Ukrainian (pp. 107 - 118) DownloadDownloads :1059

REFERENCES ▼