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Labour Productivity Superstatistics

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Listed:
  • Hideaki Aoyama
  • Hiroshi Yoshikawa
  • Hiroshi Iyetomi
  • Yoshi Fujiwara

Abstract

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.

Suggested Citation

  • Hideaki Aoyama & Hiroshi Yoshikawa & Hiroshi Iyetomi & Yoshi Fujiwara, 2008. "Labour Productivity Superstatistics," Papers 0809.3541, arXiv.org.
  • Handle: RePEc:arx:papers:0809.3541
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    File URL: http://arxiv.org/pdf/0809.3541
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    References listed on IDEAS

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

    1. Ikeda, Yuichi & Fujiwara, Yoshi & Aoyama, Hideaki & Iyetomi, Hiroshi & Souma, Wataru, 2008. "Superstatistics of Labour Productivity in Manufacturing and Nonmanufacturing Sectors," Economics Discussion Papers 2008-42, Kiel Institute for the World Economy (IfW).

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