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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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    References listed on IDEAS

    as
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    More about this item

    Keywords

    development; labor market; welfare; equality; productivity;
    All these keywords.

    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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