The decomposition does not consider the productivity of the prior industry of workers that move to the care economy, focusing only on changes in the absolute amount of labour used in each industry. [...] The second term is the labour-reallocation effect that captures the impact of the aggregate output of the shift of labour between industries with differing levels of productivity. [...] The decomposition does not consider the productivity of the prior industry of workers that move to the care economy. [...] Any discussion of data limitations or weaknesses is in the context of using the data for statistical purposes and is not related to the ability of the data to support the ABR or ATO’s core operational requirements. [...] Any discussion of data limitations or weaknesses is in the context of using the data for statistical purposes and is not related to the ability of the data to support the Australian Taxation Office, Australian Business Register, Department of Social Services and/or Department of Home Affairs’ core operational requirements.
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- Australia
Table of Contents
- Policy and demographic changes have driven dramatic growth in the care economy 1
- Growth in the care economy has not been assisted by productivity growth 2
- Reallocation to the care economy accounts for a small but material share of the productivity slowdown 2
- The care economy has activated some new workers but labour reallocation from other industries has fueled most of its growth 3
- Relative wages and prices have played a role in the reallocation to the care economy 5
- Policy implications 6
- APPENDIX A SHIFT-SHARE DESIGN 8
- APPENDIX B DATA CONSTRUCTION AND NOTES 9
- Flows Data 9
- Care Economy Definition 9
- APPENDIX C ADDITIONAL CHARTS 11
- APPENDIX D DISCLAIMERS 14
- Business Longitudinal Analysis Data Environment BLADE 14
- Person Level Integrated Data Asset PLIDA 14
