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Labor Productivity vs. Minimum Wage Level  [PDF]
Mieczys?aw Dobija
Modern Economy (ME) , 2011, DOI: 10.4236/me.2011.25086
Abstract: Recognition of the abstract nature of capital has liberated some new possibilities for alternative human capital research. Human capital, that is to say the human ability of doing work, is under the authority of all fundamental laws established in respect of the general notion of capital as spontaneous, and possessing random diffusion and limited growth. The phenomenon of human capital’s natural dispersion is a starting point for the theory of minimum wage, which ought to be sufficient to counterbalance the natural thinning out of the initial human capital of an employee. In practice, the legal minimum wage is fixed at different levels, and sometimes it is very low. Labor productivity is one fundamental factor that enables the establishment of a proper minimum wage level. Each human capital is vanquished by spontaneous and random diffusion, which averages 8% of the initial capital. Therefore the 8% rule is applicable to each employee no matter how educated and experienced he or she is. The results show that the level and fairness of the legal minimum wages is conditioned by labor productivity measured by ratio Q. This ratio should be at least 3.0 so the minimum wage could set off spontaneous random diffusion of employee’s human capital.
The driving force of labor productivity  [PDF]
Ivan O. Kitov,Oleg I. kitov
Quantitative Finance , 2008,
Abstract: Labor productivity in developed countries is analyzed and modeled. Modeling is based on our previous finding that the rate of labor force participation is a unique function of GDP per capita. Therefore, labor productivity is fully determined by the rate of economic growth, and thus, is a secondary economic variable. Initially, we assess a model for the U.S. and then test it using data for Japan, France, the UK, Italy, and Canada. Results obtained for these countries validate those for the U.S. The evolution of labor force productivity is predictable at least at an 11-year horizon
Labor Disputes and Worker Productivity  [PDF]
Qi Ge,Michael J. Lopez
Statistics , 2015,
Abstract: We implement a propensity score matching technique to present the first evidence on the impact of labor supply decisions during labor disputes on worker productivity in the context of professional sports. In particular, we utilize a unique natural experiment from the 2012-13 National Hockey League (NHL) lockout, during which approximately 200 players decided to play overseas while the rest stayed in North America. We separate the players based on their nationality and investigate the effect of playing abroad on post-lockout player performance. We find limited evidence of enhanced productivity among European players, and no evidence of a benefit or drawback for North American players. The lack of consistent productivity impact is in line with literature in industries with large labor rents, and we propose several additional explanations within the context of professional hockey. Our study contributes to the general understanding of the impact of employer-initiated work stoppage on labor productivity.
Modelling and predicting labor force productivity  [PDF]
Ivan O. Kitov
Quantitative Finance , 2010,
Abstract: Labor productivity in Turkey, Spain, Belgium, Austria, Switzerland, and New Zealand has been analyzed and modeled. These counties extend the previously analyzed set of the US, UK, Japan, France, Italy, and Canada. Modelling is based on the link between the rate of labor participation and real GDP per capita. New results validate the link and allow predicting a drop in productivity by 2010 in almost all studied countries.
The Labor Productivity Slowdown: The True Issue of the Italian Economy  [PDF]
Paola Parravicini, Alessandro Graffi
American Journal of Industrial and Business Management (AJIBM) , 2019, DOI: 10.4236/ajibm.2019.91016
Abstract: This paper deals with the issue of the weak growth in Italian labor productivity with particular reference to the period between 2000 and 2016. In analyzing the data relating to labor productivity, the influence of capital productivity and multifactor productivity were also considered. The analysis shows how the weak growth in labor productivity is due to some peculiar structural aspects of the Italian production system. At the end of the paper some comments are offered on possible policy interventions.
Equilibrium Distribution of Labor Productivity: A Theoretical Model  [PDF]
Hideaki Aoyama,Hiroshi Iyetomi,Hiroshi Yoshikawa
Quantitative Finance , 2012,
Abstract: We construct a theoretical model for equilibrium distribution of workers across sectors with different labor productivity, assuming that a sector can accommodate a limited number of workers which depends only on its productivity. A general formula for such distribution of productivity is obtained, using the detail-balance condition necessary for equilibrium in the Ehrenfest-Brillouin model. We also carry out an empirical analysis on the average number of workers in given productivity sectors on the basis of an exhaustive dataset in Japan. The theoretical formula succeeds in explaining the two distinctive observational facts in a unified way, that is, a Boltzmann distribution with negative temperature on low-to-medium productivity side and a decreasing part in a power-law form on high productivity side.
Strategy of Ukraine : Economics, Sociology, Law , 2011,
Abstract: Проведено анал з пол тики зростання зароб тно плати та продуктивност плати в Укра н . На основ емп ричного анал зу методом векторно авто регрес (VAR/VEC) оц нено вза мозалежност м ж за-роб тною платою, продуктивн стю прац , нвестиц йною та споживчою компонентами внутр шнього попиту. Додатково встановлено, що стимулювання попиту шляхом п двищення зароб тно плати не створю сутт вих плат жних дисбаланс в. The analysis of the wage and labor productivity policy in Ukraine was conducted. Based on the set of heterogeneous VAR/VEC models, the correlation between wage, productivity, consumer and investment components of domestic demand was estimate. Additionally, was established that the wage-led domestic demand growth is contri-buting to the GDP growth, with no serious costs of the balance-of-payment deficit. Проведен анализ роста заработной платы и производительности платы в Украине. На основе эмпирического анализа методом векторной авто регрессии (VAR/VEC) оценено взаимозависимости между заработной платой, производительностью труда, инвестиционной и потребительской компонентами внутреннего спроса. Дополнительно установлено, что стимулирование спроса путем повышения заработной платы не создает существенных платежных дисбалансов.
Impact of Fishing Technology on Labor Productivity in Bushehr Province  [cached]
M. Ahmadpour Borazjani,G.R. Soltani
Journal of Science and Technology of Agriculture and Natural Resources , 2000,
Abstract: Marine products are currently important in Iran due to the following reasons: 1) aquatics are recognized as safe and healthy food by food scientists; 2) because of low dependence of fishing technology on foreign resources, they are more reliable sources for protein and food security. Therefore, it is important to increase labor productivity using advanced fishing technology under a sustainable fishery management policy. In general, the prevailing methods of fishing in the southern coasts of Iran can be classified into three groups based on the level of technology and the length of journey made: traditional, semi-industrial, and industrial. In this study, labor productivity in the traditional and semi-industrial groups were compared using data obtained from a sample of 35 fishermen in Bushehr Province. To determine the marginal and average labor productivities, transcendental production functions were estimated for fish and shrimp, separately. The findings indicated that the marginal and average productivities of labor in semi-industrial fishing were significantly higher than in traditional fishing.
International Comparison of Labor Productivity Distribution for Manufacturing and Non-Manufacturing Firms  [PDF]
Yuichi Ikeda,Wataru Souma
Physics , 2008, DOI: 10.1143/PTPS.179.93
Abstract: Labor productivity was studied at the microscopic level in terms of distributions based on individual firm financial data from Japan and the US. A power-law distribution in terms of firms and sector productivity was found in both countries' data. The labor productivities were not equal for nation and sectors, in contrast to the prevailing view in the field of economics. It was found that the low productivity of the Japanese non-manufacturing sector reported in macro-economic studies was due to the low productivity of small firms.
An Empirical Analysis of Labor Productivity Growth for the Taiwanese Rice Sector  [cached]
Shamima Sultana,Yoshimi Kuroda
International Journal of Economics and Finance , 2012, DOI: 10.5539/ijef.v4n8p99
Abstract: This paper investigates the factors responsible for a high growth rate of labor productivity of the agricultural sector for the period 1976-93 for Taiwan. This investigation is carried out by a newly devised procedure which decomposes the growth rate of labor productivity into (1) the total substitution effect which consists of the effects due to factor price changes and biased technological change and (2) the TFP effect composed of the effects due to scale economies and technological progress. Based on empirical estimation of the translog cost function, it was found that the total substitution effect contributed to the growth of labor productivity much more than the TFP effect did for the period under question.
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