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

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Author(s)

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.

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

    Progress of theoretical physics. Supplement (179), 80-92, 2009

    Progress of Theoretical Physics

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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
  • Data Source
    CJP  NDL  NII-ELS  IR  NDL-Digital 
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