Souma, Wataru Ikeda, Yuichi Iyetomi, Hiroshi Fujiwara, Yoshi
Abstract
The distribution of labour productivity is investigated by analyzing the longitudinal micro-level data set which contains detailed financial condition of large numbers of Japanese companies over the period 1996?-2006. The generalized beta function of the second kind is applied to explain the distribution. We calculate marginal labour productivity by using the fitting parameters, and show that the economy in the labour market is not in equilibrium. By comparing parameters characterizing high productivity range and low productivity range, we show that inequality of low productivity range is larger than that of high productivity range. In addition, it is shown that the change of inequality in low productivity has strong correlation with GDP.
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Publisher Info
Paper provided by Kiel Institute for the World Economy in its series Economics Discussion Papers with number
2009-2.
Find related papers by JEL classification: L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General C16 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Econometric and Statistical Methods; Specific Distributions E23 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Production
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