Abstract
The study, on which this paper is based upon, has analyzed the
implementation and feasibility of the European Employment Price Index
(EEPI) in Austria. The European Employment Price Index is a Laspeyres
measure of the change in the demand-transaction price of the standardized
unit of labor. We find that it is feasible to construct the index with the
available company data with an approximate lag length of five month. Most
data were easily accessible within firms, with the exception of severance
payments, company pensions, and hypothetical costs. Only 228 observations
are required to obtain an aggregate EEPI for Austria within +/- one
percentage point at the 95 % significance level, whilst some 4800
observations are necessary for disaggregate series, enormously increasing
costs of provision.
implementation and feasibility of the European Employment Price Index
(EEPI) in Austria. The European Employment Price Index is a Laspeyres
measure of the change in the demand-transaction price of the standardized
unit of labor. We find that it is feasible to construct the index with the
available company data with an approximate lag length of five month. Most
data were easily accessible within firms, with the exception of severance
payments, company pensions, and hypothetical costs. Only 228 observations
are required to obtain an aggregate EEPI for Austria within +/- one
percentage point at the 95 % significance level, whilst some 4800
observations are necessary for disaggregate series, enormously increasing
costs of provision.
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 159-169 |
| Fachzeitschrift | Austrian Journal of Statistics |
| Jahrgang | 27 |
| Ausgabenummer | 3 |
| Publikationsstatus | Veröffentlicht - 1998 |