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An Index of Labour Market Well-Being for OECD Countries

Author

Listed:
  • Lars Osberg
  • Andrew Sharpe

Abstract

This report constructs an Index of Labour Market Well-being for OECD countries that measures the well-being individuals obtain through the labour market. The index has four components: average current labour market income, human capital, labour market equality (earnings inequality and low-wage employment), and labour market security (security from risks of unemployment, work-related illness, and poverty in retirement). The report develops a scaling methodology and presents estimates for OECD countries, comparing results with other composite measures of labour market performance.

Suggested Citation

  • Lars Osberg & Andrew Sharpe, 2003. "An Index of Labour Market Well-Being for OECD Countries," CSLS Research Reports 2003-05, Centre for the Study of Living Standards.
    • Handle: RePEc:sls:resrep:0305
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    References listed on IDEAS

    as
    1. Angel de la Fuente & Rafael Doménech, 2006. "Human Capital in Growth Regressions: How Much Difference Does Data Quality Make?," Journal of the European Economic Association, MIT Press, vol. 4(1), pages 1-36, March.
    2. Lars Osberg, 1998. "Economic Insecurity," Discussion Papers 0088, University of New South Wales, Social Policy Research Centre.
    3. Lars Osberg & Andrew Sharpe, 2003. "Human Well-being and Economic Well-being: What Values Are Implicit in Current Indices?," CSLS Research Reports 2003-04, Centre for the Study of Living Standards.
    4. Arulampalam, W. & Robin A. Naylor & Jeremy P. Smith, 2002. "University of Warwick," Royal Economic Society Annual Conference 2002 9, Royal Economic Society.
    5. 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.
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    Cited by:

    1. Ochsen, Carsten, 2010. "Crime and labor market policy in Europe," International Review of Law and Economics, Elsevier, vol. 30(1), pages 52-61, March.
    2. Andrew Sharpe, 2004. "Literature Review of Frameworks for Macro-indicators," CSLS Research Reports 2004-03, Centre for the Study of Living Standards.
    3. Andrew Sharpe & Anne-Marie Shaker, 2007. "Indicators of Labour Market Conditions in Canada," CSLS Research Reports 2007-03, Centre for the Study of Living Standards.
    4. Andrew Sharpe & Jill Hardt, 2006. "Five Deaths a Day: Workplace Fatalities in Canada, 1993-2005," CSLS Research Reports 2006-04, Centre for the Study of Living Standards.
    5. Andrew Sharpe & Jeremy Smith, 2005. "Measuring the Impact of Research on Well-being: A Survey of Indicators of Well-being," CSLS Research Reports 2005-02, Centre for the Study of Living Standards.
    6. James W. Dean & G. Robert Ross, 2006. "Paradoxes and Puzzles in Our Globalized World Public Support of Trade Policy, International Outsourcing Trade Liberalization, Globalization," Carleton Economic Papers 06-07, Carleton University, Department of Economics.
    7. Ochsen, Carsten, 2005. "Crime and European labour market policy," Thuenen-Series of Applied Economic Theory 55, University of Rostock, Institute of Economics.

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