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Labour Productivity Superstatistics

  • Hideaki Aoyama
  • Hiroshi Yoshikawa
  • Hiroshi Iyetomi
  • Yoshi Fujiwara
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    We discuss superstatistics theory of labour productivity. Productivity distribution across workers, firms and industrial sectors are studied empirically and found to obey power-distributions, in sharp contrast to the equilibrium theories of mainstream economics. The Pareto index is found to decrease with the level of aggregation, {\it i.e.}, from workers to firms and to industrial sectors. In order to explain these phenomenological laws, we propose a superstatistics framework, where the role of the fluctuating temperature is played by the fluctuating demand.

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    File URL: http://arxiv.org/pdf/0809.3541
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    Paper provided by arXiv.org in its series Papers with number 0809.3541.

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    Date of creation: Sep 2008
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    Handle: RePEc:arx:papers:0809.3541
    Contact details of provider: Web page: http://arxiv.org/

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    1. Aoki,Masanao & Yoshikawa,Hiroshi, 2007. "Reconstructing Macroeconomics," Cambridge Books, Cambridge University Press, number 9780521831062.
    2. Masanao Aoki, . "Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes," UCLA Economics Online Papers 390, UCLA Department of Economics.
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