1351.0.55.010 - Research Paper: Quality-adjusted Labour Inputs, Nov 2005

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The measurement of labour inputs is an important consideration in the calculation of labour or multifactor productivity. This paper applies the Labour Composition Model (LCM) - first proposed by the U.S. Bureau of Labour Statistics - to improve the measurement of labour inputs in Australia. Previous Australian measures have assumed that labour is a homogeneous input. The LCM is used to take account of two important aspects of labour "quality" - education and work experience - in the construction of experimental estimates of Quality-adjusted Labour Inputs (QALI). The QALI estimates may then be used to compute experimental estimates of labour and multifactor productivity.

This page last updated 3 November 2006

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About this Release	ABOUT THIS RELEASE The measurement of labour inputs is an important consideration in the calculation of labour or multifactor productivity. This paper applies the Labour Composition Model (LCM) - first proposed by the U.S. Bureau of Labour Statistics - to improve the measurement of labour inputs in Australia. Previous Australian measures have assumed that labour is a homogeneous input. The LCM is used to take account of two important aspects of labour "quality" - education and work experience - in the construction of experimental estimates of Quality-adjusted Labour Inputs (QALI). The QALI estimates may then be used to compute experimental estimates of labour and multifactor productivity. Document Selection These documents will be presented in a new window. This page last updated 3 November 2006

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