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Measuring Growth of Labor Quality and the Quality-Adjusted Unemployment Rate in Switzerland
Bolli, Thomas | Zurlinden, Mathias
Applied Economics Quarterly, Vol. 55 (2009), Iss. 2 : pp. 121–145
4 Citations (CrossRef)
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1Thomas Bolli, ETH Zurich, KOF Swiss Economic Institute, Zurich, Switzerland.
2Mathias Zurlinden, Economic Analysis, Swiss National Bank, Zurich, Switzerland.
Cited By
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The Swiss 'Job Miracle'
Siegenthaler, Michael | Graff, Michael | Mannino, MassimoSSRN Electronic Journal, Vol. (2014), Iss.
https://doi.org/10.2139/ssrn.2536250 [Citations: 0] -
Measurement of Labor Quality Growth Caused by Unobservable Characteristics
Bolli, Thomas | Zurlinden, MathiasSSRN Electronic Journal, Vol. (2008), Iss.
https://doi.org/10.2139/ssrn.1259202 [Citations: 1] -
Characteristics and Drivers of the Swiss “Job Miracle”
Siegenthaler, Michael | Graff, Michael | Mannino, MassimoReview of Economics, Vol. 67 (2016), Iss. 1 P.53
https://doi.org/10.1515/roe-2015-1005 [Citations: 2] -
Productivity and economic growth in Switzerland 1991–2006
Rudolf, Barbara | Zurlinden, MathiasSwiss Journal of Economics and Statistics, Vol. 146 (2010), Iss. 3 P.577
https://doi.org/10.1007/BF03399328 [Citations: 5]
Abstract
This paper presents results on human capital accumulation for the Swiss economy. We find that the index of labor quality has grown at a rate of 0.5% per year from 1991 to 2006. The main sources are the growth in average levels of education and the passing of the baby boom cohort through the age structure of the workforce. Projections over the period 2006-2050 suggest that labor quality growth will slow down with time. We also calculate a quality-adjusted unemployment rate and find that the unemployment rate is reduced by about 0.3 pp when human capital accumulation is taken into account.
JEL Classification: E24, J24, J31