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A measure of efficiency in the use of labour resources: beyond productivity
[Une mesure de l’efficacité dans l’utilisation des ressources en main d’œuvre : au-delà de la productivité]

Author

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  • Olivier Garnier
  • Thomas Zuber

Abstract

France holds two opposite records in the post-Covid era: the largest drop in hourly labour productivity and the strongest rise in the total number of hours worked. These factors offset each other when, for the economy as a whole, we use a measure of productive efficiency adjusted for the employment rate of all labour resources, whether employed or not. La France détient deux records opposés de l’ère post-Covid : le plus important recul de la productivité horaire du travail et la plus forte hausse du nombre total d’heures travaillées. Ces éléments se compensent lorsque, pour l’ensemble de l’économie, on retient une mesure d’efficacité productive ajustée du taux d’emploi de l’ensemble des ressources en main d’œuvre, qu’elles soient employées ou non.

Suggested Citation

  • Olivier Garnier & Thomas Zuber, . "A measure of efficiency in the use of labour resources: beyond productivity [Une mesure de l’efficacité dans l’utilisation des ressources en main d’œuvre : au-delà de la productivité]," Eco Notepad (in progress), Banque de France.
  • Handle: RePEc:bfr:econot:328
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