Alternative Hours Data And Their Impact On Productivity Change

Topics:
Efficiency
Tags:
Bureau Of Labor Statistics,
Finance,
Financial Accounting,
Hours Data
Source:
U.S. Bureau of Labor Statistics

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Overview: The Bureau of Labor Statistics (BLS) collects data on labor hours in both household and establishment (business) surveys. These data are of interest for a variety of reasons, including comparing the situation of workers over time or in different countries. In addition, hours data are used together with measures of earnings in constructing average hourly earnings or other types of hourly compensation and unit labor costs measures. Another major use of hours data is in measuring productivity, which is a technical relationship between output and inputs in the production process. The present paper focuses on the hours data that are available in the U.S. and how these data are integrated to arrive at a measure of hours worked appropriate for productivity measurement.

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Format: PDF | Size: 153KB | Date: Jul 2003 | Pages: 12

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