Measuring a Territorial Labor Market Development Index

Rodriguez-Oreggia, Eduardo and Cardozo-Medeiros, Diego and Parra-Diaz, Pedro Pablo (2014): Measuring a Territorial Labor Market Development Index.

Abstract

There is a widespread debate on the importance of the quality of labor, which is the requirement for wages to cover basic needs and provide people with a decent way of life and fostering development at the same time. This paper proposes to measure a labor market development index, using variables that can usually be found in labor surveys and can be applied for regional and country comparisons with easiness of aggregation through geometric means. We consider three principal pillars that make of labor one of the main mechanics for development: equality, productivity, and welfare.

• Item Type: MPRA Paper
• Language: English
• Keywords: development, labor market, welfare, equality, productivity
• Subjects: D - Microeconomics > D3 - Distribution > D30 - General; D - Microeconomics > D6 - Welfare Economics > D60 - General; J - Labor and Demographic Economics > J0 - General > J01 - Labor Economics: General; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J21 - Labor Force and Employment, Size, and Structure; J - Labor and Demographic Economics > J4 - Particular Labor Markets > J48 - Public Policy

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