Difference between revisions of "Efficiency of labor"
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Latest revision as of 14:40, 2 July 2020
Efficiency of labor is a variable in the Solow growth model that measures the health, education, skills, and knowledge of the labor force.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Efficiency of labor. A variable in the Solow growth model that measures the health, education, skills, and knowledge of the labor force.
