Employment-Productivity Trade-off and Labour Composition:
This paper formalises the analysis of the employment-productivity trade-off by extending the framework developed by Gordon (1997) to account for labour heterogeneity. The extent of the trade-off is determined by the extent of the adjustment of capital to effective labour and by the changes in aggreg...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
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| Schriftenreihe: | OECD Economics Department Working Papers
no.698 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper formalises the analysis of the employment-productivity trade-off by extending the framework developed by Gordon (1997) to account for labour heterogeneity. The extent of the trade-off is determined by the extent of the adjustment of capital to effective labour and by the changes in aggregate labour quality. The main experiment reported in the paper consists of assessing the labour utilisation and productivity impacts in OECD countries of aligning group-specific employment rates to the US levels. Matching the US employment performance defined in that sense would enable low-employment OECD countries to reduce only half of the aggregate employment-rate gap vis-à-vis the United States, the other half being mechanically due to differences in the population structure by age and educational attainment. In this experiment, a 1% gain in employment is associated with a decrease of 0.24% in labour productivity on average across countries, and of 0.35% in low-employment countries. |
| Beschreibung: | 1 Online-Ressource (44 p.) 21 x 29.7cm. |
| DOI: | 10.1787/224146182015 |
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| spelling | Boulhol, Hervé. VerfasserIn aut Employment-Productivity Trade-off and Labour Composition Hervé, Boulhol and Laure, Turner = Compromis emploi - productivité et effets de composition / Hervé, Boulhol et Laure, Turner Compromis emploi - productivité et effets de composition Paris OECD Publishing 2009 1 Online-Ressource (44 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.698 This paper formalises the analysis of the employment-productivity trade-off by extending the framework developed by Gordon (1997) to account for labour heterogeneity. The extent of the trade-off is determined by the extent of the adjustment of capital to effective labour and by the changes in aggregate labour quality. The main experiment reported in the paper consists of assessing the labour utilisation and productivity impacts in OECD countries of aligning group-specific employment rates to the US levels. Matching the US employment performance defined in that sense would enable low-employment OECD countries to reduce only half of the aggregate employment-rate gap vis-à-vis the United States, the other half being mechanically due to differences in the population structure by age and educational attainment. In this experiment, a 1% gain in employment is associated with a decrease of 0.24% in labour productivity on average across countries, and of 0.35% in low-employment countries. Economics Turner, Laure MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/224146182015 Volltext |
| spellingShingle | Boulhol, Hervé Employment-Productivity Trade-off and Labour Composition Economics |
| title | Employment-Productivity Trade-off and Labour Composition |
| title_alt | Compromis emploi - productivité et effets de composition |
| title_auth | Employment-Productivity Trade-off and Labour Composition |
| title_exact_search | Employment-Productivity Trade-off and Labour Composition |
| title_full | Employment-Productivity Trade-off and Labour Composition Hervé, Boulhol and Laure, Turner = Compromis emploi - productivité et effets de composition / Hervé, Boulhol et Laure, Turner |
| title_fullStr | Employment-Productivity Trade-off and Labour Composition Hervé, Boulhol and Laure, Turner = Compromis emploi - productivité et effets de composition / Hervé, Boulhol et Laure, Turner |
| title_full_unstemmed | Employment-Productivity Trade-off and Labour Composition Hervé, Boulhol and Laure, Turner = Compromis emploi - productivité et effets de composition / Hervé, Boulhol et Laure, Turner |
| title_short | Employment-Productivity Trade-off and Labour Composition |
| title_sort | employment productivity trade off and labour composition |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/224146182015 |
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