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Experimental quality-adjusted labour input measure - 1996 to 2005
Discusses part of a wider ONS strategy to produce the inputs required for multi-factor productivity calculations
Author: Peter Goodridge
Economic Trends, no 637, pp 46-56. ISSN: 0013-0400
This article presents an experimental quality-adjusted labour input measure for 1996 to 2005 created using Labour Force Survey microdata. This work is part of a wider Office for National Statistics (ONS) strategy to produce the inputs required for multi-factor productivity calculations.
Therefore the two prime aims in producing this measure are firstly its use as an input to multi-factor productivity analysis and secondly to develop a measure of labour input which explicitly takes into account changes in the composition of skills in the economy. The results are presented in the form of both quarterly Tornqvist and annual Laspeyres indices.
Published in web format: 11 December 2006 at 9:30 am
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