oecdstatistics.blog/2024/09/16/measuring-labour-input-is-it-about-quantity-quality-or-both
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Measuring labour input: is it about quantity, quality, or both?
Human capital, the stock of knowledge and skills embodied in people, is a key input in economic production. Changes in both the “quantity” and the “quality” of a country’s human capital stock influence economic growth and productivity performance. Traditional measures of labour input in economic growth and productivity analyses, such as total hours worked, focus…
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Measuring labour input: is it about quantity, quality, or both?
Human capital, the stock of knowledge and skills embodied in people, is a key input in economic production. Changes in both the “quantity” and the “quality” of a country’s human capital stock influence economic growth and productivity performance. Traditional measures of labour input in economic growth and productivity analyses, such as total hours worked, focus…
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Measuring labour input: is it about quantity, quality, or both?
Human capital, the stock of knowledge and skills embodied in people, is a key input in economic production. Changes in both the “quantity” and the “quality” of a country’s human capital stock influence economic growth and productivity performance. Traditional measures of labour input in economic growth and productivity analyses, such as total hours worked, focus…
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