Growth in euro area labour quality
Guido Schwerdt and
Jarkko Turunen
No 575, Working Paper Series from European Central Bank
Abstract:
Composition of the euro area workforce evolves over time and in response to changing labour market conditions. We construct an estimate of growth in euro area labour quality over the period 1983-2004 and show that labour quality has grown on average by 0.6% year-on-year over this time period. Labour quality growth was significantly higher in the early 1990s than in the 1980s. This strong increase was driven by an increase in the share of those with tertiary education and workers in prime age. Growth in labour quality moderated again towards the end of the 1990's, possibly reflecting the impact of robust employment growth resulting in the entry of workers with lower human capital. Labour quality growth has on average accounted for nearly one third of euro area labour productivity growth. The results point to a significant decline in the contribution of total factor productivity to euro area growth. JEL Classification: E24, J24, O47
Keywords: growth accounting; human capital; labour quality; total factor productivity (search for similar items in EconPapers)
Date: 2006-01
Note: 81167
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)
Downloads: (external link)
https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp575.pdf (application/pdf)
Related works:
Journal Article: GROWTH IN EURO AREA LABOR QUALITY (2007) 
Working Paper: Growth in Euro Area Labour Quality (2006) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:2006575
Access Statistics for this paper
More papers in Working Paper Series from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().