Dear PENers,
I want to run some simulations concerning the wage rate and rate
of profit in manufacturing, by using "profit squeeze" hypothesis.
The symbols: r = (Y-W)/K = (y-w)/k
Where: r=rate of profit in manufacturing
Y=manufacturing output; W=wages in manufacturing;
K=capital stock in manufacturing.
y=Y/L (average productivity per man-hour);
w=W/L (average hourly wage rate);
k=K/L (capital-labor ratio)
L=employment in man-hours
To run simulations I need employment figure in "man-hours" or
"human-hours" from 1950 or 1960 to present. I have data for L in persons,
not in man-hours. I suppose I could crudely estimate man-hours employment
data multiplying (L in persons) by (average weekly hours) by (52 or
50).But that would be too crude to have any relevance.
Are there anybody out there who know the employment data in
manufacturing in terms of man-hours?
Many thanks in advance.
Happy holidays
Fikret
Fikret Ceyhun
Dept. of Economics e-mail: [EMAIL PROTECTED]
Univ. of North Dakota voice: (701)777-3348 office
University Station, Box 8369 (701)772-5135 home
Grand Forks, ND 58202 fax: (701)777-5099
