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The Measurement of Labour Content: A General Approach

Naoki Yoshihara () and Roberto Veneziani

No 587, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

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.

Keywords: labour content; labour productivity; technical change; axiomatic analysis (search for similar items in EconPapers)
JEL-codes: D57 J24 O33 D46 (search for similar items in EconPapers)
Pages: 32 p.
Date: 2013-05
New Economics Papers: this item is included in nep-hme
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Downloads: (external link)
http://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/25674/DP587.pdf

Related works:
Working Paper: The Measurement of Labour Content: A General Approach (2018) Downloads
Working Paper: The measurement of labour content: a general approach (2018) Downloads
Working Paper: The measurement of labour content: a general approach (2017) Downloads
Working Paper: The measurement of labour content: a general approach (2017) Downloads
Working Paper: The measurement of labour content: a general approach (2017) Downloads
Working Paper: The measurement of labour content: a general approach (2013) Downloads
Working Paper: The Measurement of Labour Content: A General Approach (2013) Downloads
Working Paper: The Measurement of Labour Content: A General Approach (2013) Downloads
Working Paper: The Measurement of Labour Content: A General Approach (2013) Downloads
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