The Measurement of Labour Content: A General Approach

Naoki Yoshihara () and Roberto Veneziani

No 704, Working Papers from Queen Mary University of London, School of Economics and Finance

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: D46 D57 J24 O33 (search for similar items in EconPapers)
Date: 2013-06-01
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Citations: View citations in EconPapers (4)

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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)
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Persistent link: https://EconPapers.repec.org/RePEc:qmw:qmwecw:704

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