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Quality-Adjusted Labour Productivity Measures: An Application to New Zealand

Labour, Employment and Work in New Zealand

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Field Value
 
Title Quality-Adjusted Labour Productivity Measures: An Application to New Zealand
 
Creator McNaughton, Thomas
 
Description In March 2006, Statistics New Zealand released its first productivity series. As part of the ongoing enhancements to the series, the potential for quality-adjusting the Labour Input Index has been examined. A quality-adjusted series is generally considered to provide the most representative measure of productivity. Put simply, the process acknowledges that workers are not homogenous, and as such, have difference skill levels. Not only does this provide a more accurate measure of labour input, but it can also provide insight into the effects that changes in labour composition have on productivity. In practice, this process is undertaken by cross-classifying labour according to groups being reflected through a wage-based weighting process. The paper evaluated the various theories behind quality-adjustment, the success of its international applications, and the potential for an internationally comparable adjustment to be introduced into the current productivity series.
 
Publisher Victoria University of Wellington
 
Date 2006-02-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://ojs.victoria.ac.nz/LEW/article/view/1581
10.26686/lew.v0i0.1581
 
Source Labour, Employment and Work in New Zealand; 2006: Labour, Employment and Work in New Zealand
2463-2600
 
Language eng
 
Relation https://ojs.victoria.ac.nz/LEW/article/view/1581/1421