Labour Productivity Superstatistics(Real Economy,Econophysics-Physical Approach to Social and Economic Phenomena-)

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Abstract

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, 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.

Journal

Progress of theoretical physics. Supplement   [List of Volumes]

Progress of theoretical physics. Supplement (179), 80-92, 2009-05-22  [Table of Contents]

The Physical Society of Japan (JPS)

References:  11

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Codes

  • NII Article ID (NAID) :
    110007225724
  • NII NACSIS-CAT ID (NCID) :
    AA00791466
  • Text Lang :
    ENG
  • Article Type :
    ART
  • ISSN :
    03759687
  • NDL Article ID :
    10225434
  • NDL Source Classification :
    ZM35(科学技術--物理学)
  • NDL Call No. :
    Z53-A468
  • Databases :
    CJP  NDL  NII-ELS