Labor productivity

Labor Productivity
Definition: Ratio of real output per unit of labor input.

labor productivity output per hour of work. (12, 19)
labor-saving technological change a technological innovation that reduces the amount of labor needed to produce a given amount of output with a given amount of capital. (23) ...

Labor Productivity
A measurement of economic growth of a country. Labor productivity measures the amount of goods and services produced by one hour of labor.

Labor productivity in efficiency wage models is positively related to wage.

Labor productivity
The value of output per unit of labor input. The reciprocal of the unit labor requirement.
Labor right
See labor standard.
Labor-saving ...

Total (multi) factor productivity and labor productivity are related to each other. Output per hour grows as the result of two conceptually distinct mechanisms.

Often means labor productivity, which is can be measured by quantity of output per time spent or numbers employed. Could be measured in, for example, U.S. dollars per hour. This is not a measure of how hard people work.

Another common measure of productivity is labor productivity or output (GDP) per worker. This is not a measure of how hard people work. A number of factors can cause labor productivity to change.

Also known as "labor productivity" or "worker productivity"; value of goods and services produced in a period of time, divided by the hours of labor used to produce them.

The model outlined above, in the absence of exogenous shocks hitting the level of labor productivity, converges to a non-stochastic long-run equilibrium in which the level of the interest rate is tied to the time-discount factor
(18) ...

societies that legalize slavery (or at least enforce very long term transferable indentured labor contracts), human capital itself cannot be directly bought and sold on the market -- only its temporary services as reflected in the labor productivity ...

Output of goods and services per unit of input- for example, per unit of labor (labor productivity), per unit of energy (such as GNP per unit of energy use), or per unit of all production resources combined (see Chapter 2).

force and Employment, Size, and Structure JEL: J22 - Time allocation and Labor supply JEL: J23 - Employment Determination; Job creation; Demand for labor; Self-employment JEL: J24 - Human capital; Skills; Occupational choice; Labor productivity JEL: ...

See also: Productivity, Population, Banks, Compensation, Inputs