Transcription of LABOUR PRODUCTIVITY INDICATORS - OECD.org
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LABOUR PRODUCTIVITY INDICATORS - OECD.org
Rebecca FREEMAN July 2008 OECD Statistics Directorate Division of Structural Economic Statistics LABOUR PRODUCTIVITY INDICATORS COMPARISON OF TWO OECD DATABASES PRODUCTIVITY DIFFERENTIALS & THE BALASSA-SAMUELSON EFFECT TABLE OF CONTENTS Introduction .. 5 1. A conceptual look: Why measure LABOUR PRODUCTIVITY ? .. 5 2. LABOUR PRODUCTIVITY : A relationship between production and factors of production .. 5 3. Objectives: LABOUR PRODUCTIVITY and uses .. 6 I. Differences between the OECD PRODUCTIVITY Database and the OECD System of Unit LABOUR Cost and Related INDICATORS .. 7 A. Different methodologies used by the OECD Statistics Directorate to measure LABOUR PRODUCTIVITY .. 7 A1. OECD PRODUCTIVITY Database .. 7 A2. The OECD System of Unit LABOUR Cost and Related INDICATORS .. 7 B. Differences between the OECD PRODUCTIVITY Database and the OECD System of Unit LABOUR Cost and Related INDICATORS .
In contrast, total employment is easier to measure than the total number of hours worked. However, total employment is less recommended as a measure of labour productivity …
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