Abstract
In March 2006, Statistics New Zealand released its first productivity series. As part of the ongoing enhancements to the series, the potential for quality-adjusting the Labour Input Index has been examined. A quality-adjusted series is generally considered to provide the most representative measure of productivity. Put simply, the process acknowledges that workers are not homogenous, and as such, have difference skill levels. Not only does this provide a more accurate measure of labour input, but it can also provide insight into the effects that changes in labour composition have on productivity. In practice, this process is undertaken by cross-classifying labour according to groups being reflected through a wage-based weighting process. The paper evaluated the various theories behind quality-adjustment, the success of its international applications, and the potential for an internationally comparable adjustment to be introduced into the current productivity series.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
