Time delays in skill development and vacancy creation: Effects on unemployment through mathematical modelling

Role of informal sector to combat unemployment in developing economy: A modeling study

“…On the other hand, the study presented in [33] provides theoretical confirmation of Okun's law. Building upon the work of [20] , Rajpal et al [34] conducted further analysis to examine the combined impact of delays in vacancy generation and skill development on unemployment. They have also discussed the effects of early retirement on employed individuals.…”

“…From the above-discussed literature, it can be noted that most of the existing mathematical models have primarily focused on addressing unemployment by generating job opportunities [20] , [21] , [22] , [23] , [26] , [30] and offering formal skill training that aligns with industry needs [24] , [25] , [28] , [34] . However, there has been limited exploration of the informal sector's role, which employs a significant portion of the workforce and offers learning opportunities to less educated or unskilled individuals [35] .…”