Labour quality growth in Poland

Jan Baran

No 356, NBP Working Papers from Narodowy Bank Polski

Abstract: The paper investigates changes in the quality of the labour input in Poland in 2006-2020. Labour quality – which captures compositional changes of the workforce, referring to education, experience, gender and occupation – substantially improved, growing on average by 0.55% a year, compared to much slower growth of unadjusted labour input (hours worked) of 0.11% a year. Growth in the labour quality, which means improvement in workers’ characteristics, was mainly driven by positive changes in the educational composition of workers. Labour quality growth showed less volatility compared to growth of hours worked in the economy and it was negatively correlated to both growth of hours worked and GDP growth, mitigating procyclicality of the labour input. Additionally, falling tertiary education wage premia are documented.

Keywords: human capital; labour quality; labour input. (search for similar items in EconPapers)
JEL-codes: E24 J21 J24 (search for similar items in EconPapers)
Pages: 47
Date: 2023
New Economics Papers: this item is included in nep-edu, nep-hme, nep-lma and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpmis:356

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