See summary below.from "An Index of Labour Market Well-being for OECD Countries" http://ideas.repec.org/p/sls/resrep/0305.html
The Sandwichman
Figure 2: Index of Labour Market Well-being Components
A. Labour Market Income (LMI)
1) Labour Compensation Per Worker (LCPW)
2) Labour Compensation Per Hour (LCPH)
B. Human Capital (HC)
1) Average Educational Attainment (EA)
C. Labour Market Equality (LME)
1) Hourly Wage Inequality (HWI)
2) Incidence of Low Wage Employment (LWE)
D. Labour Market Security (LMS)
1) Risk from Unemployment (RU)
- Average of the Overall (UR) and Long-term Unemployment Rate
(LUR)
- UI Coverage Rate (UICR)
- UI Benefits Rate (UIBR)
- Index of Employment Protection (EP)
2) Risk to Health from Employment (RH)
- Labour Market Death Rate (DR)
- Labour Market Workplace Injuries Rate (IR)
3) Risk of Poverty in Retirement (RPR)
- Poverty Intensity for Households Headed by a Person 65 and
over (PIE)
- Social Security Replacement Rate (SSRR)
- Occupational or Employer-Sponsored Pension Coverage Rate
(OPCR)
- Defined-benefit Pension Plan Membership as Proportion of
Occupational Plan Memebership (DRP)
The Index is calculated as:
ILMW=(0.25)LMI+(0.25)HC+(0.25)LME+(0.25)LMS
=0.25((LCPW+LCPH)/2)+0.25HC+0.25((0.5)HWI+(0.5)LWE)
+0.25((0.33)(((UR+LUR)/2)*UICR*UIBR*EP))+(0.33)((DR+IR)/2)+
(0.33)((PIE+SSRR+OPCR+DRP)/4))
Autoplectic <[EMAIL PROTECTED]> wrote:
The Sandwichman
Figure 2: Index of Labour Market Well-being Components
A. Labour Market Income (LMI)
1) Labour Compensation Per Worker (LCPW)
2) Labour Compensation Per Hour (LCPH)
B. Human Capital (HC)
1) Average Educational Attainment (EA)
C. Labour Market Equality (LME)
1) Hourly Wage Inequality (HWI)
2) Incidence of Low Wage Employment (LWE)
D. Labour Market Security (LMS)
1) Risk from Unemployment (RU)
- Average of the Overall (UR) and Long-term Unemployment Rate
(LUR)
- UI Coverage Rate (UICR)
- UI Benefits Rate (UIBR)
- Index of Employment Protection (EP)
2) Risk to Health from Employment (RH)
- Labour Market Death Rate (DR)
- Labour Market Workplace Injuries Rate (IR)
3) Risk of Poverty in Retirement (RPR)
- Poverty Intensity for Households Headed by a Person 65 and
over (PIE)
- Social Security Replacement Rate (SSRR)
- Occupational or Employer-Sponsored Pension Coverage Rate
(OPCR)
- Defined-benefit Pension Plan Membership as Proportion of
Occupational Plan Memebership (DRP)
The Index is calculated as:
ILMW=(0.25)LMI+(0.25)HC+(0.25)LME+(0.25)LMS
=0.25((LCPW+LCPH)/2)+0.25HC+0.25((0.5)HWI+(0.5)LWE)
+0.25((0.33)(((UR+LUR)/2)*UICR*UIBR*EP))+(0.33)((DR+IR)/2)+
(0.33)((PIE+SSRR+OPCR+DRP)/4))
Autoplectic <[EMAIL PROTECTED]> wrote:
On 1/20/06, Sandwichmanwrote:
> "This paper therefore focuses on the well-being of individuals as workers.
> The
> proposed Index of Labour Market Well Being (ILMW) covers all persons of
> working age and is based on: 1) the average current return from work; 2) the
> aggregate accumulation of human capital, which enables future returns from
> work; 3) inequality in current returns from work; and 4) insecurity in the
> anticipation of future returns from work.
>
>...
--------------------------
How do they propose to measure 2-4?
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