The composition of labour input: Sensitivity testing and results for productivity analysis
Composition Adjusted-Labour Input (CALI) measures account for workers' differences in skills and productive capacity. This study reviews the most relevant literature to have produced CALI estimates to date and presents a generic approach to produce CALI measures for 21 countries. It finds that...
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2024
|
| Series: | OECD Statistics Working Papers
no.2024/06 |
| Subjects: | |
| Online Access: | DE-863 |
| Summary: | Composition Adjusted-Labour Input (CALI) measures account for workers' differences in skills and productive capacity. This study reviews the most relevant literature to have produced CALI estimates to date and presents a generic approach to produce CALI measures for 21 countries. It finds that education and age (proxy for work experience) are two key workers' characteristics to be included in CALI measures, with additional workers characteristics having a more limited impact. Replacing a traditional measure of labour input, such as hours worked, with a measure of CALI in the growth accounts leads to a significant downward revision in multifactor productivity (MFP) growth in countries that experience large changes in the composition of labour. |
| Physical Description: | 1 Online-Ressource (63 Seiten) 21 x 28cm. |
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| spelling | Ward, Ashley VerfasserIn aut The composition of labour input Sensitivity testing and results for productivity analysis Ashley, Ward and Belen, Zinni Paris OECD Publishing 2024 1 Online-Ressource (63 Seiten) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Statistics Working Papers no.2024/06 Composition Adjusted-Labour Input (CALI) measures account for workers' differences in skills and productive capacity. This study reviews the most relevant literature to have produced CALI estimates to date and presents a generic approach to produce CALI measures for 21 countries. It finds that education and age (proxy for work experience) are two key workers' characteristics to be included in CALI measures, with additional workers characteristics having a more limited impact. Replacing a traditional measure of labour input, such as hours worked, with a measure of CALI in the growth accounts leads to a significant downward revision in multifactor productivity (MFP) growth in countries that experience large changes in the composition of labour. Economics Employment Zinni, Belen MitwirkendeR ctb |
| spellingShingle | Ward, Ashley The composition of labour input Sensitivity testing and results for productivity analysis Economics Employment |
| title | The composition of labour input Sensitivity testing and results for productivity analysis |
| title_auth | The composition of labour input Sensitivity testing and results for productivity analysis |
| title_exact_search | The composition of labour input Sensitivity testing and results for productivity analysis |
| title_full | The composition of labour input Sensitivity testing and results for productivity analysis Ashley, Ward and Belen, Zinni |
| title_fullStr | The composition of labour input Sensitivity testing and results for productivity analysis Ashley, Ward and Belen, Zinni |
| title_full_unstemmed | The composition of labour input Sensitivity testing and results for productivity analysis Ashley, Ward and Belen, Zinni |
| title_short | The composition of labour input |
| title_sort | composition of labour input sensitivity testing and results for productivity analysis |
| title_sub | Sensitivity testing and results for productivity analysis |
| topic | Economics Employment |
| topic_facet | Economics Employment |
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