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Labor productivity of service industry: International comparison

Labor productivity of service industry: International comparison. SaangJoon Baak Waseda University. Outline. 1) Definition and composition 2) Size of service sector - value added - employment 3) Productivity

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Labor productivity of service industry: International comparison

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  1. Labor productivity of service industry: International comparison SaangJoon Baak Waseda University

  2. Outline 1) Definition and composition 2) Size of service sector - value added - employment 3) Productivity - cross sectional comparison - international comparison

  3. (1) Service sector • Wholesale and retail trade; restaurants and hotels • Transportation and storage, and communication • Finance, insurance, real estate and business services • Community, social and personal services

  4. (2) Size of service sector(value added) • Computed using OECD data • Continual Increase Since 1980 as a whole • Rapid growth especially from mid-1990s • Still smaller than those in advanced countries, but shows very similar pattern • Different development in different service sectors (size decreased in some sectors)

  5. Value added Shares in Services

  6. Value added share in wholesale and retail trade, restaurants, and hotels

  7. Value added share in transport and storage, and communication

  8. Value added share in finance, insurance, real estate, and business services

  9. Value added share in community, social and personal services

  10. (2) Size of service sector(value added)-summary

  11. (2) Size of service sector(employment) • Continual and steady increase since 1980 as a whole • More change than value added • Still smaller than those in advanced countries • Different development in different service sectors (drastic change in some sectors)

  12. Employment Shares in Services

  13. Employment Shares in Whole Sale and Retail Trade, Restaurants, and Hotels

  14. Employment shares in transport and storage, and communication

  15. Employment shares in finance, insurance, real estate and business services

  16. Employment shares in community, social and personal services

  17. (2) Size of service sector(employment)-summary

  18. (3) Productivitycomparison with manufacturing sector • Manufacturing = 100 • Low productivity compared with manufacturing • Countries show different patterns • Different sectors show different patterns

  19. Relative labor productivity: services

  20. Relative labor productivity: whole sale and retail trade, restaurants and hotels

  21. Relative labor productivity: transport and storage, and communication

  22. Relative labor productivity: finance, insurance, real estate, and business services

  23. Relative labor productivity: community, social and personal services

  24. (3) Productivity: Sectoral comparison (Korea)

  25. (3) ProductivityInternational comparison • US = 100 • 4 sectors in 4 countries • Convergence

  26. (3) Productivitygrowth of productivity • Lower than in manufacturing in general • Less fluctuating than in manufacturing • Recent US and UK experience cannot be generalized

  27. (3) Productivity: productivity growth (Korea)

  28. (3) Productivity: productivity growth (manufacturing)

  29. (3) Productivity: productivity growth (services)

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