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Toward Labor Market Policy 2.0: The Potential for Using Online Job-Portal Big Data to Inform Labor Market Policies in India

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dc.contributor.authorImaizumi, Saori
dc.contributor.authorNomura, Shinsaku
dc.contributor.authorAreias, Ana Carolina
dc.contributor.authorYamauchi, Futoshi
dc.date.accessioned2017-02-22T21:47:51Z
dc.date.available2017-02-22T21:47:51Z
dc.date.issued2017-02
dc.description.abstractEconomists and other social scientists are increasingly using big data analytics to address longstanding economic questions and complement existing information sources. Big data produced by online platforms can yield a wealth of diverse, highly granular, multidimensional information with a variety of potential applications. This paper examines how online job-portal data can be used as a basis for policy-relevant research in the fields of labor economics and workforce skills development, through an empirical analysis of information generated by Babajob, an online Indian job portal. The analysis highlights five key areas where online job-portal data can contribute to the development of labor market policies and analytical knowledge: (i) labor market monitoring and analysis; (ii) assessing demand for workforce skills; (iii) observing job-search behavior and improving skills matching; (iv) predictive analysis of skills demand; and (v) experimental studies. The unique nature of the data produced by online job-search portals allows for the application of diverse analytical methodologies, including descriptive data analysis, time-series analysis, text analysis, predictive analysis, and transactional data analysis. This paper is intended to contribute to the academic literature and the development of public policies. It contributes to the literature on labor economics through application of big data analytics to real-world data. The analysis also provides a unique case study on labor market data analytics in a developing-country context in South Asia. Finally, the report examines the potential for using big data to improve the design and implementation of labor market policies and promote demand-driven skills development.en
dc.identifierhttp://documents.worldbank.org/curated/en/370301486667802852/Toward-labor-market-policy-2-0-the-potential-for-using-online-job-portal-big-data-to-inform-labor-market-policies-in-India
dc.identifier.doi10.1596/1813-9450-7966
dc.identifier.urihttps://hdl.handle.net/10986/26133
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7966
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectlabor market
dc.subjectlabor skills
dc.subjectjob-search behavior
dc.subjectlabor demand
dc.subjectlabor market analytics
dc.subjectbig data
dc.subjectwage
dc.subjectgender
dc.subjectskills demand
dc.subjectforecasting
dc.subjectbehavioral
dc.titleToward Labor Market Policy 2.0en
dc.title.subtitleThe Potential for Using Online Job-Portal Big Data to Inform Labor Market Policies in Indiaen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleToward Labor Market Policy 2.0: The Potential for Using Online Job-Portal Big Data to Inform Labor Market Policies in India
okr.date.disclosure2017-02-09
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/370301486667802852/Toward-labor-market-policy-2-0-the-potential-for-using-online-job-portal-big-data-to-inform-labor-market-policies-in-India
okr.guid370301486667802852
okr.identifier.doi10.1596/1813-9450-7966
okr.identifier.externaldocumentum090224b084923733_1_0
okr.identifier.internaldocumentum27177616
okr.identifier.reportWPS7966
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/370301486667802852/pdf/WPS7966.pdfen
okr.region.administrativeSouth Asia
okr.region.countryIndia
okr.statistics.combined7291
okr.statistics.dr370301486667802852
okr.statistics.drstats6315
okr.topicEducation::Educational Policy and Planning
okr.topicInformation and Communication Technologies::Rural Information & Communications Technologies
okr.topicRural Development::Rural Development Knowledge & Information Systems
okr.topicSocial Protections and Labor::Labor Markets
okr.topicSocial Protections and Labor::Skills Development and Labor Force Training
okr.unitEducation Global Practice Group
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