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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