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Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Discussion Papers No. 818
Verlag: 
Statistics Norway, Research Department, Oslo
Zusammenfassung: 
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.
Schlagwörter: 
Labour productivity
Index numbers
Unit value indices
Drobisch index
JEL: 
C43
E24
J24
O47
Dokumentart: 
Working Paper

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