Measuring Labor Input. Dale Jorgenson, Mun Ho, Jon Samuels Harvard University World KLEMS Conference, Harvard University August 19, 2010. Topics Measurement Issues and Methodology Data and Implementation Results Contribution of labor input to productivity revival
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Dale Jorgenson, Mun Ho, Jon Samuels
World KLEMS Conference, Harvard University
August 19, 2010
Jorgenson, Ho and Stiroh (2005); Chapter 6
New Data on U.S. Productivity Growth by Industry
Jorgenson, Ho and Samuels (2010)
scae: sex, class, age, education
j: industry j or aggregate economy
Assume labor input is proportional to hours worked:
Qscaeis the quality of hours of group scae, fixed for all t.
Thus input index becomes:
Compared to simple hours:
Price of industry labor input is simply value/Lj
after choosing a normalization like:
Quality of industry labor input is labor input index divided by hours worked:
Need number of workers, hours and compensation to fill matrices of dimension (2sex, 2 class, 7age, 6educ, 70indus).
Total of 11760 cells.
Household survey data
(hours/week, weeks/year, wages/year, demographics, industry)
Census of Population.
- every 10 years
- 1% percent sample (1 million workers)
Current Population Survey, Annual Supplement (ASEC)
- every year, 1964+
- about 100,000 households
Establishment survey data
Bureau of Economic Analysis tabulations of total employment,
total compensation, wages for 72 industries;
annual hours for 18 industries
-Begin with Census microdata (1% sample, ~1 mil. workers) to populate EMP, HOURS, COMP matrices for benchmark years
-From CPS annual microdata, construct marginal matrices: EMP, HOURS, COMP matrices of lower dimension (e.g. indus x edu, sex x age x edu, …)
-Interpolate between benchmark years using these annual marginal matrices
-Scale to industry totals in the National Accounts