| Title |
Estimation of Labor Demand by Business Fluctuationsin the Construction Market |
| Authors |
Son Chang-Baek ; Oh Chi-Don |
| Keywords |
Labor Demand ; Business Fluctuations in the Construction Market ; Time-series Analysis ; Sensitivity Analysis |
| Abstract |
Due to the changes in construction industries, the demand for construction labors has been always unstable. Sizes of labor manpower have been rapidly decreasing, and consequently, labor supply in the construction sites has not been smoothly performed. Upon the recognition, this study attempts to estimate labor demand along with the fluctuation of construction market in Korea, and further to offer the realistic judgement data on the current situation of the market. For the purpose, based upon the extraction of the factor(area size of building permission) influencing the sizes of labor demand, it estimates the sizes of labor demand for the short run. The study results would be employed as useful data to contribute in developing the method for stabilizing labor supply and demand. |