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Identifier to cite or link to this item: https://hdl.handle.net/10086/28762

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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
Creator Name
Veneziani, Roberto Veneziani, Roberto
Affiliation
Affiliation Name
Queen Mary University of London
Editor
Contributor Name
Institute of Economic Research, Hitotsubashi University
Key Word
labour content
labour productivity
technical change
axiomatic analysis
JEL
D57
J24
O33
D46
Abstract
This paper analyses the theoretical issues related to the measurement of labour content 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
2017-08
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion paper series. A ; No. 663
NCID
AA11476336
Number of Pages
22
Appears in Collections
Discussion paper series / Institute of Economic Research, Hitotsubashi University
URL
https://hdl.handle.net/10086/28762