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The Federal Planning Bureau’s (FPB) 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 wage subsidies, are assessed on a regular basis.
The FPB carries out various activities on the theme of the labour market:
- The FPB studies and models interactions between macroeconomic evolutions and evolutions in the labour market. This allows the impact of potential government policies on the economy and of business cycle developments on the labour market to be assessed. Labour market modelling relies on a detailed analysis of the determinants of employment, wages, etc.
- The FPB draws up the Economic budget (see the theme ‘Short-term forecasting and business cycle’). This document provides the macro-economic short-term framework for drawing up the budget and reviews by the competent authorities and covers evolutions in employment, unemployment and wages.
- The FPB carries out detailed medium-term (6-year) forecasts of the evolution of the labour market on the national level and by industry (see the theme ‘Medium-term macroeconomic projections and analyses’). The FPB also produces these forecasts for each of the federated entities within the framework of the HERMREG project, in collaboration with the three regional institutions: SVR, BISA and IWEPS (see the theme ‘Medium-term macroeconomic projections and analyses > Regional Economy’).
Besides macroeconomic applications, analyses are also made based on individual longitudinal data, mainly in the field of wage setting. The impact of policies aimed at raising the participation rates in the labour market of certain groups is also studied through this approach.
Finally, the FPB also examines extensively its qualitative aspects, for instance the labour market segmentation according to demographic criteria or job characteristics.
Methods and Instruments
As well as different original analytical databases, the following instruments are used:
- the labour market modules of the national macroeconomic models MODTRIM, HERMES and Hermreg. HERMES contains specific modules for the working time, the labour costs, employment allocation between different types of work at branch level and for employment in the service voucher system.
- In HERMES as well as in HERMREG, labour supply is modelled using a sociodemographic module that can also project replacement demand created by exit of cohorts of workers from the labour market and the recruitment needs that should be met by new entrants on the labour market.
- panel, double difference and regression discontinuity analyses.
The last five press releases [More]
- La croissance de l’économie belge ne dépasserait pas 1,1 % en 2019 et 2020
De groei van de Belgische economie zou beperkt blijven tot 1,1 % in 2019 en 202005/09/2019 - Les aides à l’emploi pour les jeunes Bruxellois : quels effets ?
Werkgelegenheidssteun voor Brusselse jongeren: welke impact?08/07/2019 - La croissance de l’économie belge s’établirait à 1,3 % tant en 2019 qu’en 2020
De groei van de Belgische economie zou uitkomen op 1,3 % in 2019 en in 202006/06/2019 - Perspectives économiques 2019-2024 - Version de février 2019
Economische vooruitzichten 2019-2024 - Versie van februari 201914/02/2019 - La croissance de l’économie belge fléchirait à 1,3 % en 2019
De groei van de Belgische economie zou vertragen tot 1,3 % in 201907/02/2019
The last five databases [More]
- Economic budget 2020 / september 2019 - Statistical annex 05/09/2019
- Regional Economic Outlook 2019-2024 - Statistical annex 12/07/2019
- Qualitative employment data for Belgium : 1999-2015 31/05/2017
The last five publications [More]
- Budget économique - Prévisions économiques 2019-2020 (Septembre 2019)
Economische begroting - Economische vooruitzichten 2019-2020 (September 2019) 30/09/2019 - Les mesures qui permettent d’acquérir une première expérience professionnelle accélèrent-elles les sorties du chômage vers l’emploi ? Une analyse de trois dispositifs en Région bruxelloise
Versnellen de maatregelen die een eerste werkervaring mogelijk maken de uitstroom van werkloosheid naar werk? Een analyse van drie maatregelen in het Brussels Gewest 08/07/2019 - Economische vooruitzichten 2019-2024
Perspectives économiques 2019-2024 18/06/2019 - Prévisions économiques 2019-2020 - juin
Economische vooruitzichten 2019-2020 - juni 06/06/2019 - Perspectives économiques 2019-2024 - Version de février 2019
Economische vooruitzichten 2019-2024 - Versie van februari 2019 14/02/2019