The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 2 Decomposition of changes in unit labor cost, 1995–2006 (%)
From: Measuring the comprehensive wage effect of changes in unit labor cost
ULC | (Conventional decomposition) | |||||
|---|---|---|---|---|---|---|
Wage | User cost | Technology | Wage | Labor | ||
Whole economy | ||||||
Mean | 2.33 | 2.48 | 0.76 | −0.92 | 3.85 | −1.52 |
Std. dev. | 2.15 | 1.67 | 1.12 | 0.97 | 2.63 | 0.89 |
Max | 8.42 | 6.67 | 4.68 | 0.55 | 11.09 | 0.30 |
Min | −1.62 | −0.19 | −0.60 | −2.93 | −0.33 | −3.18 |
Manufacturing sector | ||||||
Mean | 0.26 | 2.33 | 0.67 | −2.75 | 3.77 | −3.51 |
Std. dev. | 2.28 | 1.56 | 1.44 | 2.12 | 2.45 | 1.91 |
Max | 5.25 | 6.04 | 4.95 | 0.88 | 10.31 | 0.23 |
Min | −3.08 | −0.21 | −1.26 | −5.73 | −0.38 | −6.37 |
Electricity, gas, and water supply sector | ||||||
Mean | 1.42 | 1.45 | 2.14 | −2.17 | 4.03 | −2.61 |
Std. dev. | 4.00 | 1.29 | 2.49 | 2.93 | 2.69 | 2.15 |
Max | 11.11 | 5.12 | 7.63 | 3.75 | 10.33 | 1.64 |
Min | −3.46 | 0.21 | −3.17 | −6.57 | 1.05 | −5.18 |