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Measuring a Territorial Labor Market Development Index

Author

Listed:
  • Rodriguez-Oreggia, Eduardo
  • Cardozo-Medeiros, Diego
  • Parra-Diaz, Pedro Pablo

Abstract

There is a widespread debate on the importance of the quality of labor, which is the requirement for wages to cover basic needs and provide people with a decent way of life and fostering development at the same time. This paper proposes to measure a labor market development index, using variables that can usually be found in labor surveys and can be applied for regional and country comparisons with easiness of aggregation through geometric means. We consider three principal pillars that make of labor one of the main mechanics for development: equality, productivity, and welfare.

Suggested Citation

  • Rodriguez-Oreggia, Eduardo & Cardozo-Medeiros, Diego & Parra-Diaz, Pedro Pablo, 2014. "Measuring a Territorial Labor Market Development Index," MPRA Paper 54439, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:54439
    as

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    File URL: https://mpra.ub.uni-muenchen.de/54439/1/MPRA_paper_54439.pdf
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    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Ljungqvist, Lars, 1993. "Economic underdevelopment : The case of a missing market for human capital," Journal of Development Economics, Elsevier, vol. 40(2), pages 219-239, April.
    3. Suresh Chand Aggarwal, 2004. "Labour quality in Indian manufacturing: A State level analysis," Indian Council for Research on International Economic Relations, New Delhi Working Papers 126, Indian Council for Research on International Economic Relations, New Delhi, India.
    4. Eduardo Rodríguez-Oreggia, 2005. "Regional disparities and determinants of growth in Mexico," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 39(2), pages 207-220, June.
    5. 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.
    6. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    7. Robert H. Topel, 1997. "Factor Proportions and Relative Wages: The Supply-Side Determinants of Wage Inequality," Journal of Economic Perspectives, American Economic Association, vol. 11(2), pages 55-74, Spring.
    8. Aitor Lacuesta & Sergio Puente & Pilar Cuadrado, 2009. "Omitted variables in the measure of a labour quality index: the case of Spain," Working Papers 0835, Banco de España;Working Papers Homepage.
    9. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, Juni.
    10. Lars Osberg & Andrew Sharpe, 2002. "An Index of Economic Well–Being for Selected OECD Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(3), pages 291-316, September.
    11. Lars Osberg & Andrew Sharpe, 2005. "How Should We Measure The “Economic” Aspects Of Well‐Being?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(2), pages 311-336, June.
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    More about this item

    Keywords

    development; labor market; welfare; equality; productivity;

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • D60 - Microeconomics - - Welfare Economics - - - General
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J48 - Labor and Demographic Economics - - Particular Labor Markets - - - Particular Labor Markets; Public Policy

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