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arxiv: 0809.3541 · v1 · pith:YTUJXN6Snew · submitted 2008-09-21 · 💱 q-fin.GN · physics.soc-ph· q-fin.ST

Labour Productivity Superstatistics

classification 💱 q-fin.GN physics.soc-phq-fin.ST
keywords productivitysuperstatisticsfirmsfluctuatingfoundindustriallaboursectors
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We discuss superstatistics theory of labour productivity. Productivity distribution across workers, firms and industrial sectors are studied empirically and found to obey power-distributions, in sharp contrast to the equilibrium theories of mainstream economics. The Pareto index is found to decrease with the level of aggregation, {\it i.e.}, from workers to firms and to industrial sectors. In order to explain these phenomenological laws, we propose a superstatistics framework, where the role of the fluctuating temperature is played by the fluctuating demand.

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