Measuring a Territorial Labor Market Development Index

Eduardo Rodriguez-Oreggia, Diego Cardozo-Medeiros and Pedro Pablo Parra-Diaz

MPRA Paper from University Library of Munich, Germany

Abstract: There is a widespread debate on the importance of the quality of labor, which is the requirement for wages to cover basic needs and provide people with a decent way of life and fostering development at the same time. This paper proposes to measure a labor market development index, using variables that can usually be found in labor surveys and can be applied for regional and country comparisons with easiness of aggregation through geometric means. We consider three principal pillars that make of labor one of the main mechanics for development: equality, productivity, and welfare.

Keywords: development; labor market; welfare; equality; productivity (search for similar items in EconPapers)
JEL-codes: D30 D60 J01 J21 J48 (search for similar items in EconPapers)
Date: 2014-03-14
New Economics Papers: this item is included in nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:54439

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