The measurement of labour content: a general approach

Naoki Yoshihara () and Roberto Veneziani

No SDES-2017-17, Working Papers from Kochi University of Technology, School of Economics and Management

Abstract: This paper analyses the theoretical issues related to the measurement of labour content for 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. The main measures of labour content used in various strands of the literature are then characterised. Quite surprisingly, a unique axiomatic structure can be identified which underlies measures of labour aggregates used in such diverse fields as neoclassical growth theory, input-output approaches, productivity analysis, and classical political economy.

Keywords: Labour content; Labour productivity; Technical change; Axiomatic analysis (search for similar items in EconPapers)
JEL-codes: D46 D57 J24 O33 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2017-09, Revised 2017-09
New Economics Papers: this item is included in nep-eff, nep-hme and nep-lma
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Published in SDE Series, September 2017, pages 1-23

Downloads: (external link)
http://www.souken.kochi-tech.ac.jp/seido/wp/SDES-2017-17.pdf First version, 2017 (application/pdf)

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