growth accounting

Growth in Euro Area Labour Quality

JEL codes: 
E24, J24, O47
Version Date: 
Jun 2008

Composition of the euro area workforce evolves over time and in response to changing labour market conditions. We construct an estimate of growth in euro area labour quality over the period 1983-2004 and show that labour quality has grown on average by 0.6% year-on-year over this time period. Labour quality growth was significantly higher in the early 1990s than in the 1980s.

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