Research Catalog

Title

Employment-Productivity Trade-off and Labour Composition [electronic resource] / Hervé Boulhol and Laure Turner

Author

Boulhol, Hervé.

Publication

Paris : OECD Publishing, 2009.

Details

Additional Authors

Turner, Laure.

Description

45 p.; 21 x 29.7cm.

Summary

This paper formalises the analysis of the employment-productivity trade-off by extending the framework developed by Gordon (1997) to account for labour heterogeneity. The extent of the trade-off is determined by the extent of the adjustment of capital to effective labour and by the changes in aggregate labour quality. The main experiment reported in the paper consists of assessing the labour utilisation and productivity impacts in OECD countries of aligning group-specific employment rates to the US levels. Matching the US employment performance defined in that sense would enable low-employment OECD countries to reduce only half of the aggregate employment-rate gap vis-à-vis the United States, the other half being mechanically due to differences in the population structure by age and educational attainment. In this experiment, a 1% gain in employment is associated with a decrease of 0.24% in labour productivity on average across countries, and of 0.35% in low-employment countries.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.698

Uniform Title

OECD Economics Department Working Papers, no.698.

Subject

Economics

LCCN

10.1787/224146182015

OCLC

oecd-lib-004013

Author

Boulhol, Hervé.

Title

Employment-Productivity Trade-off and Labour Composition [electronic resource] / Hervé Boulhol and Laure Turner

Imprint

Paris : OECD Publishing, 2009.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.698

OECD Economics Department Working Papers, 1815-1973 ; no.698.

Connect to:

http://dx.doi.org/10.1787/224146182015

Indexed Term

Economics

Added Author

Turner, Laure.

Other Standard Identifier

10.1787/224146182015 doi