The Federal Planning Bureau’s analyses of the labour market are especially aimed at the medium-term and long-term outlooks and projections. Measures or reforms in the labour market, such as cuts in social security contributions or reductions in working hours, are assessed on a regular basis. Specific models have been developed in order to better understand the impact of certain reforms. Besides carrying out quantitative analyses of the labour market, the FPB also examines extensively its qualitative aspects, for instance the breakdown of employment according to demographic criteria or job characteristics (see theme ‘Sectoral and intersectoral analyses’).
Outlooks for the labour market are drawn up regularly within the framework of the Economic Budget. Moreover, each year a detailed analysis is carried out of the developments of the labour market. This analysis is part of the ‘Economic Outlook’, the FPB’s medium-term projections.
Methods and Instruments
Besides different original and large analytical databases, the following instruments are also used:
the macroeconomic model for labour market, Labmod
the labour market modules of the national macroeconomic models Modtrim and Hermes
Economic Budget (half-yearly, in February and September)