IDEAS home Printed from https://ideas.repec.org/a/sls/ipmsls/v42y20229.html

The Link Between the Standard of Living and Labour Productivity in the UK: A Decomposition

Author

Listed:
  • Nicholas Oulton

Abstract

According to Paul Krugman, “Productivity isn’t everything, but in the long run it is

Suggested Citation

  • Nicholas Oulton, 2022. "The Link Between the Standard of Living and Labour Productivity in the UK: A Decomposition," International Productivity Monitor, Centre for the Study of Living Standards, vol. 42, pages 187-211, Spring.
    • Handle: RePEc:sls:ipmsls:v:42:y:2022:9
    as

    Download full text from publisher

    File URL: https://csls.ca/ipm-archive/ipm-issue-42/the-link-between-the-standard-of-living-and-labour-productivity-in-the-uk-a-decomposition/
    File Function: Abstract page (English and French)
    Download Restriction: no
    File URL: https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-42-9-Oulton.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lawrence Mishel & Josh Bivens, 2021. "The Productivity-Median Compensation Gap in the United States: The Contribution of Increased Wage Inequality and the Role of Policy Choices," International Productivity Monitor, Centre for the Study of Living Standards, vol. 41, pages 61-97, Fall.
    2. Charles I. Jones & Peter J. Klenow, 2016. "Beyond GDP? Welfare across Countries and Time," American Economic Review, American Economic Association, vol. 106(9), pages 2426-2457, September.
    3. Basu, Susanto & Fernald, John G., 2002. "Aggregate productivity and aggregate technology," European Economic Review, Elsevier, vol. 46(6), pages 963-991, June.
    4. Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
    5. Anne Case & Angus Deaton, 2017. "Mortality and Morbidity in the 21st Century," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(1 (Spring), pages 397-476.
    6. Dale W. Jorgenson, 2018. "Production and Welfare: Progress in Economic Measurement," Journal of Economic Literature, American Economic Association, vol. 56(3), pages 867-919, September.
    7. Grace Anyaegbu, 2010. "Using the OECD equivalence scale in taxes and benefits analysis," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 4(1), pages 49-54, January.
    8. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andreas Reinstaller & Michael Weichselbaumer, 2023. "Labor productivity and the standard of living in Austria," Reports 0423, Büro des Produktivitätsrates.
    2. repec:osf:socarx:d42xq_v1 is not listed on IDEAS
    3. Anna Stansbury & Dan Turner & Ed Balls, 2023. "Tackling the UK’s regional economic inequality: binding constraints and avenues for policy intervention," Contemporary Social Science, Taylor & Francis Journals, vol. 18(3-4), pages 318-356, August.
    4. John F. Helliwell, 2022. "Reflections on Measuring and Improving Productivity When Subjective Well-being Is the Objective," International Productivity Monitor, Centre for the Study of Living Standards, vol. 43, pages 81-85, Fall.
    5. Josh Martin & Rebecca Riley, 2025. "Productivity measurement: Reassessing the production function from micro to macro," Journal of Economic Surveys, Wiley Blackwell, vol. 39(1), pages 246-279, February.
    6. Andreas Reinstaller, 2023. "Konzepte der Wettbewerbsfähigkeit," Reports 0223, Büro des Produktivitätsrates.
    7. Abdul A. Erumban, 2023. "The Falling Productivity in West Asian Arab Countries Since the 1980s: Causes, Consequences, and Cures," International Productivity Monitor, Centre for the Study of Living Standards, vol. 44, pages 89-119, Fall.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nicholas Oulton, 2022. "The Productivity-Welfare Linkage: A Decomposition," Discussion Papers 2205, Centre for Macroeconomics (CFM).
    2. Romina Boarini & Marc Fleurbaey & Fabrice Murtin & Paul Schreyer, 2022. "Well‐being during the Great Recession: new evidence from a measure of multi‐dimensional living standards with heterogeneous preferences," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(1), pages 104-138, January.
    3. Shaun Da Costa & Owen O'Donnell & Raf Van Gestel, 2023. "Distributionally Sensitive Measurement and Valuation of Population Health," Tinbergen Institute Discussion Papers 23-017/V, Tinbergen Institute.
    4. Nicholas Oulton, 2023. "The effect of changes in the terms of trade on GDP and welfare: A Divisia approach to the System of National Accounts," Manchester School, University of Manchester, vol. 91(4), pages 261-282, July.
    5. Charles Beach & Russell Davidson, 2025. "Empirically Implementing a Social Welfare Inference Framework," Working Paper 1530, Economics Department, Queen's University.
    6. Redding, Stephen J. & Weinstein, David E., 2016. "A unified approach to estimating demand and welfare," LSE Research Online Documents on Economics 67681, London School of Economics and Political Science, LSE Library.
    7. Aaberge, Rolf & Mogstad, Magne & Peragine, Vito, 2011. "Measuring long-term inequality of opportunity," Journal of Public Economics, Elsevier, vol. 95(3-4), pages 193-204, April.
    8. Simon Galle & Andrés Rodríguez-Clare & Moises Yi, 2023. "Slicing the Pie: Quantifying the Aggregate and Distributional Effects of Trade," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(1), pages 331-375.
    9. Guillermo Cruces, 2005. "Income Fluctuations, Poverty and Well-Being Over Time: Theory and Application to Argentina," Labor and Demography 0502007, University Library of Munich, Germany.
    10. Rolf Aaberge & Ugo Colombino, 2014. "Labour Supply Models," Contributions to Economic Analysis, in: Handbook of Microsimulation Modelling, volume 127, pages 167-221, Emerald Group Publishing Limited.
    11. Mejía-Guerra, José Antonio & Vos, Rob, 1997. "Poverty in Latin America and the Caribbean: An Inventory: 1980-95," IDB Publications (Working Papers) 6197, Inter-American Development Bank.
    12. Susanto Basu & Luigi Pascali & Fabio Schiantarelli & Luis Serven, 2022. "Productivity and the Welfare of Nations," Journal of the European Economic Association, European Economic Association, vol. 20(4), pages 1647-1682.
    13. Małgorzata Szczepaniak & Ewa Wędrowska & Joanna Muszyńska & Grzegorz Markowski, 2026. "Unequal by age and household type: income inequality and demographic aging in Central and Eastern Europe," Journal of Population Research, Springer, vol. 43(1), pages 1-34, March.
    14. Brynjolfsson, Erik & Collis, Avinash & Diewert, W. Erwin & Eggers, Felix & Fox, Kevin J., 2019. "GDP-B: Accounting for the Value of New and Free Goods in the Digital Economy," OSF Preprints sptfu, Center for Open Science.
    15. Rohde, Nicholas & Tang, Kam Ki & D’Ambrosio, Conchita & Osberg, Lars & Rao, Prasada, 2020. "Welfare-based income insecurity in the us and germany: evidence from harmonized panel data," Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 226-243.
    16. J.-M. Germain, 2020. "A Welfare Based Estimate of “Real Feel GDP” for Europe and the USA," Documents de Travail de l'Insee - INSEE Working Papers g2020-03, Institut National de la Statistique et des Etudes Economiques.
    17. Antràs, Pol & de Gortari, Alonso & Itskhoki, Oleg, 2017. "Globalization, inequality and welfare," Journal of International Economics, Elsevier, vol. 108(C), pages 387-412.
    18. Lucía Gorjón & Sara de la Rica & Antonio Villar, 2018. "The social cost of unemployment: the Spanish labour market from a social welfare approach," Studies on the Spanish Economy eee2018-22, FEDEA.
    19. Ruiz-Castillo, Javier, 1994. "A complete model for welfare analysis," UC3M Working papers. Economics 2907, Universidad Carlos III de Madrid. Departamento de Economía.
    20. Susanto Basu & Luigi Pascali & Fabio Schiantarelli & Luis Serven, 2012. "Productivity and the Welfare of Nations," Working Papers 621, Barcelona Graduate School of Economics.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sls:ipmsls:v:42:y:2022:9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CSLS (email available below). General contact details of provider: https://edirc.repec.org/data/cslssca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.