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Since income is the return on wealth, the total wealth of any given country should be on the order of 20 times its GDP. Instead the average observed ratio from the balance sheet accounts of the System of National Accounts (SNA) is a factor of 2.6 to 6.6, depending on whether natural resource...
Persistent link: https://www.econbiz.de/10009767817
Cross-country differences in the measurement of labour input contribute to observed productivity gaps across countries. In most countries, labour force surveys (LFS) form a primary source of information for employment related statistics, such as persons employed, employees and hours worked....
Persistent link: https://www.econbiz.de/10011991919
The digital economy has created some new measurement challenges for macroeconomic statistics and may have exacerbated some older ones, raising some concerns about the scope and estimation of GDP. Against a backdrop of slowing rates of measured productivity growth, this has raised questions about...
Persistent link: https://www.econbiz.de/10011734741
This paper builds a welfare measure encompassing household disposable income, unemployment and longevity, while using … two different sets of “shadow prices” for non-income variables. The valuations of vital and unemployment risks estimated … the other hand, model-based shadow prices are typically underestimated as: i) the valuation of the unemployment risk is …
Persistent link: https://www.econbiz.de/10011403324
This paper investigates the extent to which unemployment and temporary work – two forms of labour market insecurity … case of partnership satisfaction, results differ from the other two subjective well-being outcomes: while unemployment of …
Persistent link: https://www.econbiz.de/10011574089