English

Labour Productivity Superstatistics

General Finance 2015-05-13 v1 Physics and Society Statistical Finance

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.

Keywords

Cite

@article{arxiv.0809.3541,
  title  = {Labour Productivity Superstatistics},
  author = {Hideaki Aoyama and Hiroshi Yoshikawa and Hiroshi Iyetomi and Yoshi Fujiwara},
  journal= {arXiv preprint arXiv:0809.3541},
  year   = {2015}
}

Comments

13 pages including figures

R2 v1 2026-06-21T11:22:29.629Z