QUALITY ADJUSTED LABOUR INPUT

NICOL HAULÍKOVÁ

https://doi.org/10.53465/EDAMBA.2021.9788022549301.152-165

 

Abstract: The aim of this paper is to evaluate the contribution of quality adjusted labour input to increase of labor productivity in Slovakia. The development of productivity is compared regarding the qualitatively adjusted input of work and without considering the quality factor. The aim of these comparisons is to point out possible shortcomings in the current measurements of productivity, or at least the individual components that enter its calculation. The change in the methodology in the calculation of the contribution, considering the quality of work, is more adapted to current trends in the labor market and especially to its future development regarding growing demands on the qualitative aspect of work and increasing share of work with a high level of skills needed to perform it. This is influenced, among other things, by the development and greater involvement of information technologies, digitalization and robotization, the necessary complement of which is the adaptation of the skills of the workforce, a change in their structure and an increase in their level.

Keywords: labour productivity, quality adjusted labour input, quality factor

JEL classification: O40

Fulltext: PDF

Online publication date: 12 May 2022

 

To cite this article (APA style): 

Haulíková, N. (2022). Quality Adjusted Labour Input. Proceedings from the EDAMBA 2021 conference, 152 – 165. https://doi.org/10.53465/EDAMBA.2021.9788022549301.152-165