To Capture Production or Wellbeing? A Review Article on Towards Measuring the Volume Output of Education and Health Services: A Handbook
AbstractThis review article evaluates the report Towards Measuring the Volume Output of Education and Health Services: A Handbook produced by the OECD. Traditionally, input costs have been used to estimate the value of education and health services. The Handbook provides detailed analysis and recommendations regarding appropriate methodologies and data to improve volume output measures for these services. The author welcomes the efforts of the OECD in this area. However, it is argued that output measures should focus on the estimates of the volume of production of these services rather than their social valuation. As such, unit costs should be used as weights when aggregating outputs rather than marginal social valuations, which introduce a degree of subjectivity.
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Bibliographic InfoArticle provided by Centre for the Study of Living Standards in its journal International Productivity Monitor.
Volume (Year): 23 (2012)
Issue (Month): (Spring)
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- Aled ab Iorwerth, 2006. "How to Measure Government Productivity: A Review Article on 'Measurement of Government Output and Productivity for the National Accounts' (The Atkinson Report)," International Productivity Monitor, Centre for the Study of Living Standards, vol. 13, pages 57-74, Fall.
- Ana Ferrer & David A. Green & W. Craig Riddell, 2006. "The Effect of Literacy on Immigrant Earnings," Journal of Human Resources, University of Wisconsin Press, vol. 41(2).
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