Measuring Growth of Labor Quality and the Quality-Adjusted Unemployment Rate in Switzerland
This paper presents results on human capital accumulation for the Swiss economy. We find that the index of labor quality has grown at a rate of 0.5% per year from 1991 to 2006. The main sources are the growth in average levels of education and the passing of the baby boom cohort through the age structure of the workforce. Projections over the period 2006-2050 suggest that labor quality growth will slow down with time. We also calculate a quality-adjusted unemployment rate and find that the unemployment rate is reduced by about 0.3 pp when human capital accumulation is taken into account.
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Volume (Year): 55 (2009)
Issue (Month): 2 ()
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Abowd, J.M. & Kramarz, F. & Margolis, D.N., 1995.
"High-Wage Workers and High-Wage Firms,"
Cahiers de recherche
9503, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
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- John M. Abowd & Francis Kramarz & David N. Margolis, 1994. "High-Wage Workers and High-Wage Firms," CIRANO Working Papers 94s-23, CIRANO.
- Guido Schwerdt & Jarkko Turunen, 2007.
"Growth In Euro Area Labor Quality,"
Review of Income and Wealth,
International Association for Research in Income and Wealth, vol. 53(4), pages 716-734, December.
- Daniel Aaronson & Daniel Sullivan, 2001.
"Growth in worker quality,"
Federal Reserve Bank of Chicago, issue Q IV, pages 53-74.
- Dorothe Bonjour & Michael Gerfin, 1997.
"The Unequal Distribution of Unequal Pay - An Empirical Analysis of the Gender Wage Gap in Switzerland,"
dp9702, Universitaet Bern, Departement Volkswirtschaft.
- Dorothe Bonjour & Michael Gerfin, 2001. "The unequal distribution of unequal pay - An empirical analysis of the gender wage gap in Switzerland," Empirical Economics, Springer, vol. 26(2), pages 407-427.
- Venetia Bell & Pablo Burriel-Llombart & Jerry Jones, 2005. "A quality-adjusted labour input series for the United Kingdom (1975-2002)," Bank of England working papers 280, Bank of England.
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