Arbeitspapier
Understanding the productivity slowdown. The importance of entry and exit of workers
Many OECD countries have experienced a slowdown in measured labour productivity from 2005 and onwards. Norway is no exception in this respect. Most countries use a simple aggregate of hours worked when measuring labour productivity. One way to improve measurement of labour services is to control for worker characteristics. A theoretical rationale for doing so is given by Diewert and Lippe (2010). We generalise previous analyses by allowing for exit and entry of workers when measuring labour services using Norwegian microdata. We find that the bias from using hours worked compared to a labour index capturing various compositional effects can be substantial and systematic over time. In the case of Norway the bias explains about a quarter of the productivity slowdown after 2005.
- Language
-
Englisch
- Bibliographic citation
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Series: Discussion Papers ; No. 818
- Classification
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Wirtschaft
Index Numbers and Aggregation; Leading indicators
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Human Capital; Skills; Occupational Choice; Labor Productivity
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Subject
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Labour productivity
Index numbers
Unit value indices
Drobisch index
- Event
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Geistige Schöpfung
- (who)
-
von Brasch, Thomas
Cappelen, Ådne
Iancu, Diana-Cristina
- Event
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Veröffentlichung
- (who)
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Statistics Norway, Research Department
- (where)
-
Oslo
- (when)
-
2015
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- von Brasch, Thomas
- Cappelen, Ådne
- Iancu, Diana-Cristina
- Statistics Norway, Research Department
Time of origin
- 2015
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