Abstract
This chapter discusses the measurement of labor input in the eight countries. Labor input is a combination of employment, hours per worker, and human capital per worker. Detailed data on the school attainment of the employed and their full-time/part-time status is used to construct more precise measures of total labor input than what is typically found in the literature. The chapter finishes with a comparison of total labor input and its components across the two country groups.
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Notes
- 1.
“Employment by A*10 industry breakdowns.” The variable used is nama_10_a10_e.
- 2.
- 3.
LFS series—detailed annual survey results (lfs_emp).
- 4.
- 5.
Our calculations show that human capital per hour worked increased by only 11% between 1995 and 2013, mostly because the return function that converts school years to human capital (based on Caselli (2005)) is strongly concave.
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Kónya, I. (2018). Labor Input and Labor Income. In: Economic Growth in Small Open Economies. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-69317-0_3
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DOI: https://doi.org/10.1007/978-3-319-69317-0_3
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