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Quality‐adjusted labour input: new quarterly estimates for 1993 to 2009 and annual estimates from 1970

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  • Jean Acheson

    (Office for National Statistics)

  • Mark Franklin

    (Office for National Statistics)

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    Abstract

    SummaryQuality‐adjusted labour input (QALI) is a measure of labour input to economic production which takes account of the composition of the workforce as well as volume of hours worked. It provides a more complete picture of the input of labour to the production process than traditional measures, which focus only on the quantity of labour input, and therefore provides a broader perspective in assessing productivity performance. Along with the volume index of capital services, QALI is a key input to multi‐factor productivity and growth accounting analyses. This article presents new estimates of QALI for 1993 to 2009. The series has been extended by an additional year since the previous release (Turvey, Goodridge and Franklin 2010). An additional section backcasts QALI to 1970 using annual ‘labour services’ estimates from the EU KLEMS dataset1.

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    Bibliographic Info

    Article provided by Palgrave Macmillan in its journal Economic & Labour Market Review.

    Volume (Year): 5 (2011)
    Issue (Month): 4 (April)
    Pages: 22-46

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    Handle: RePEc:pal:ecolmr:v:5:y:2011:i:4:p:22-46

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