What can we do with the quality-adjusted labor input data? An explanation with examples
Working paper
Permanent lenke
https://hdl.handle.net/11250/3130191Utgivelsesdato
2023-05Metadata
Vis full innførselSamlinger
- Notater / Documents [329]
Sammendrag
This document, by using examples, aims to demonstrate how the quality-adjusted labor input data
can be applied for economic analysis in general, and for growth accounting in particular. For
instance, such data can be used to improve the estimation of multifactor productivity indicators, and
to restore the internal consistency of measuring labor productivity across aggregation levels in the
Norwegian national accounts. By constructing meaningful indexes based on such data, the growth
of labor input and quality over time can be identified and better understood, at both aggregate and
industry level. Given the crucial importance of the quality-adjusted labor input data, the document
concludes that it is time for Statistics Norway to compile and publish such data together with other
official statistics on a more regular basis.