The Measurement of Labour Content: A General Approach

Yoshihara, Naoki; Veneziani, Roberto

The Measurement of Labour Content: A General Approach

Naoki Yoshihara () and Roberto Veneziani

UMASS Amherst Economics Working Papers from University of Massachusetts Amherst, Department of Economics

Abstract: This paper analyses the theoretical issues related to the measurement of labour content in the context of 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. Then, a simple measure of labour content is uniquely characterised, which is consistent with common practice in input-output analysis and with a number of recent approaches in value theory. JEL Categories:

Date: 2013-05
New Economics Papers: this item is included in nep-hme and nep-pke
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Citations: View citations in EconPapers (4)

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