An Index of Labour Market Well-Being for OECD Countries

Lars Osberg and Andrew Sharpe

No 2003-05, CSLS Research Reports from Centre for the Study of Living Standards

Abstract: This report constructs an Index of Labour Market Well-being for OECD countries that measures the well-being individuals obtain through the labour market. The index has four components: average current labour market income, human capital, labour market equality (earnings inequality and low-wage employment), and labour market security (security from risks of unemployment, work-related illness, and poverty in retirement). The report develops a scaling methodology and presents estimates for OECD countries, comparing results with other composite measures of labour market performance.

Keywords: labour market well-being; OECD; index; earnings inequality; labour market security; human capital; unemployment; low wages; retirement poverty (search for similar items in EconPapers)
Date: 2003-09
New Economics Papers: this item is included in nep-dev, nep-lab, nep-ltv, nep-mac and nep-pbe
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