Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/97347
Authors: 
Yoshihara, Naoki
Veneziani, Roberto
Year of Publication: 
2013
Series/Report no.: 
Working Paper, School of Economics and Finance, Queen Mary, University of London 704
Abstract: 
This paper analyses the theoretical issues related to the measurement of labour content in the context of general technologies with heterogeneous labour. A novel axiomatic framework is used in order to formulate the key properties of the notion of labour content and analyse its theoretical foundations. Then, a simple measure of labour content is uniquely characterised, which is consistent with common practice in input-output analysis and with a number of recent approaches in value theory.
Subjects: 
Labour content
Labour productivity
Technical change
Axiomatic analysis
JEL: 
D57
J24
O33
D46
Document Type: 
Working Paper

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