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Identifier to cite or link to this item: https://hdl.handle.net/10086/29633

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Title	The Measurement of Labour Content: A General Approach
Creator	Creator Name Yoshihara, Naoki Yoshihara, Naoki Affiliation Affiliation Name University of Massachusetts Amherst Affiliation Affiliation Name Hitotsubashi University Affiliation Affiliation Name Kochi University of Technology
Creator	Creator Name Veneziani, Roberto Veneziani, Roberto Affiliation Affiliation Name School of Economics and Finance, Queen Mary University of London
Editor	Contributor Name Institute of Economic Research, Hitotsubashi University Affiliation Affiliation Name 一橋大学経済研究所
Key Word	labour content
	labour productivity
	technical change
	axiomatic analysis
JEL	D57
	J24
	O33
Abstract	This paper analyses the theoretical issues related to the measurement of the amount of labour used in the production of — or contained in — a bundle of goods for general technologies with heterogeneous labour. A novel axiomatic framework is used in order to formulate the key properties of the notion of labour content and analyse its theoretical foundations. The main measures of labour content used in various strands of the literature are then characterised. Quite surprisingly, a unique axiomatic structure can be identified which underlies measures of labour aggregates used in such diverse fields as neoclassical growth theory, input-output approaches, productivity analysis, and classical political economy.
Publisher	Institute of Economic Research, Hitotsubashi University
Issued Date	2018-10
Language	English(eng)
Resource Type	technical report
Version Type	VoR
Is Part OfRelation -	Related Title Discussion paper series. A ; No. 681
NCID	AA11476336
Number of Pages	22
Appears in Collections	Discussion paper series / Institute of Economic Research, Hitotsubashi University
URL	https://hdl.handle.net/10086/29633