Labour Productivity Superstatistics

DOI10.1143/PTPS.179.80MaRDI QIDQ5325416zbMATH OpenFDO

Authors Hiroshi Yoshikawa, Hiroshi Iyetomi, Yoshi Fujiwara, Hideaki Aoyama

Publication date 10 August 2009

Published in Progress of Theoretical Physics Supplement (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/0809.3541

Mathematics Subject Classification ID

Reliability and life testing (62N05) Production theory, theory of the firm (91B38) Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Statistical methods; economic indices and measures (91B82)

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, {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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Cited in

(2)

• Bivariate superstatistics based on generalized gamma distribution
• Productivity dispersion and allocation of labor among firms in economics

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