How EC works
  • Introduction
  • How the Economic Machine Works
    • How the Economic Machine Works: “A Transactions-Based Approach”
    • How the Market-Based System Works
    • The Template: The Three Big Forces
    • 1) Productivity Growth
    • 2) The Long-Term Debt Cycle
    • 3) The Short-Term Debt Cycle
  • Debt Cycles: Leveragings & Deleveragings
    • An In-Depth Look at Deleveragings
    • The Ugly Deflationary Deleveragings
    • The Beautiful Deleveragings
    • The Ugly Inflationary Deleveraging
    • A Closer Look at Each
      • United States Depression and Reflation, 1930-1937
      • Japan Depression and Reflation, 1929-1936
      • UK Deleveraging, 1947-1969 UK Deleveraging,1947-1969
      • Japan Deleveraging, 1990-Present
      • US Deleveraging, 2008-Present
      • The Recent Spain Deleveraging, 2008-Present
      • Germany’s Weimar Republic: 1918-23
    • US Deleveraging 1930s
      • Preface
      • Conditions in 1929 Leading up to the Crash
      • 1H1930
      • 2H1930
      • 1Q1931
      • 2Q1931
      • 3Q1931
      • 4Q1931
      • 1H1932
      • 2H1932
      • 1933
      • March 1933
      • 1934-1938
    • Weimar Republic Deleveraging 1920s
      • Overview
      • World War I Period 1914 – November 1918
      • Post-War Period November 1918 - December 1921
      • Hyperinflation
      • Second Half of 1922
      • 1923
      • Stabilization: From Late 1923 Onward
  • Productivity and Structural Reform: Why Countries Succeed & Fail, and What Should Be Done So Failing
    • Part 1: The Formula for Economic Succes
      • A Formula for Future Growth
      • Projections
      • Productivity and Competiveness Measures
      • Our Productivity Gauge
      • Value: What You Pay Versus What You Get
      • A Simple Measure of Cost: Per Capita Income
      • Education
      • Cost of a Productivity Adjusted Educated Worker
      • Working Hard
      • Working Hard Subcomponent: Average Hours Worked
      • Working Hard Subcomponent: Demographics
      • Investing
      • Investing Subcomponents: Aggregate Fixed Investment Rates
      • Investing Subcomponents: Household Savings Rates
      • Culture Components
      • Self-Sufficiency
      • Self-Sufficiency Subcomponent: Work Ethic
      • Self-Sufficiency Subcomponent: Work Ethic - Average Hours Worked
      • Self-Sufficiency Subcomponent: Work Ethic – Labor Force Participation
      • Self-Sufficiency Subcomponent: Work Ethic – Actual Vacation Time
      • Self-Sufficiency Subcomponent: Work Ethic – Retirement Age as Percentage of Life Expectancy
      • Self-Sufficiency Subcomponent: Government Supports
      • Self-Sufficiency Subcomponent: Government Supports – Government Expenditures
      • Self-Sufficiency Subcomponent: Government Supports – Transfers to Households
      • Self-Sufficiency Subcomponent: Labor Market Rigidity
      • Self-Sufficiency Subcomponent: Labor Market Rigidity – Unionization
      • Self-Sufficiency Subcomponent: Labor Market Rigidity – Ease of Hiring and Firing
      • Self-Sufficiency Subcomponent: Labor Market Rigidity – Minimum Wage as Percentage of Average Income
      • Savoring Life Versus Achieving
      • Savoring Life Versus Achieving Subcomponents: Observed Outcomes
      • Savoring Life Versus Achieving Subcomponent: Expressed Values
      • Innovation and Commercialism
      • Innovation and Commercialism Subcomponent: Outputs
      • Innovation and Commercialism Subcomponent: Inputs
      • Bureaucracy
      • Corruption
      • Rule of Law
      • Our Indebtedness Gauge
      • Debt and Debt Service Levels
      • Debt Flow
      • Monetary Policy
      • Summary Observations
    • Part 2: Economic Health Indices by Country, and the Prognoses That They Imply
      • India's Future Growth
      • China's Future Growth
      • Singapore's Future Growth
      • Mexico's Future Growth
      • Thailand's Future Growth
      • Argentina's Future Growth
      • Korea's Future Growth
      • Brazil's Future Growth
      • USA's Future Growth
      • United Kingdom's Future Growth
      • Russia's Future Growth
      • Australia's Future Growth
      • Canada's Future Growth
      • Germany's Future Growth
      • France's Future Growth
      • Hungary's Future Growth
      • Spain's Future Growth
      • Japan's Future Growth
      • Italy's Future Growth
      • Greece's Future Growth
      • Appendix: List of Statistics that Make Up Our Gauges
    • Part 3: The Rises and Declines of Economies Over the Last 500 Years
Powered by GitBook
On this page
  1. Productivity and Structural Reform: Why Countries Succeed & Fail, and What Should Be Done So Failing
  2. Part 1: The Formula for Economic Succes

Self-Sufficiency Subcomponent: Work Ethic – Labor Force Participation

PreviousSelf-Sufficiency Subcomponent: Work Ethic - Average Hours WorkedNextSelf-Sufficiency Subcomponent: Work Ethic – Actual Vacation Time

Last updated 7 years ago

Remember what we are trying to get at with this concept is the work ethic of a society, not just how much it is actually working. Labor force participation is one indication (albeit crude) of how much a society wants to work. It gives you a rough sense of what proportion of the society is actively looking for a job (though it may miss some who have the drive but are in the informal economy). Because of cultural differences across countries and data limitations, here again we are unfortunately limited to looking at male labor force participation. By and large the emerging world has much higher male labor force participation rates than the developed world, though there are exceptions. Brazil, India, Thailand, Mexico and China have some of the highest rates (all around 80%). There is still a high participation of men in the workforce in Singapore (above 75%), despite its wealth. Japan has a high male labor force participation rate among developed countries (above 70%, though its female participation is low compared to other developed countries). This measure is a bit lower in the US and UK. Labor force participation is lowest among men in Western Europe, particularly Italy, France and Greece (60% to 65%), though Germany and Spain are not far behind, along with parts of Eastern Europe, especially Hungary.

记住,我们正在试图获得的这个概念是一个社会的工作伦理,而不仅仅是它实际工作的多少。劳动力参与是社会想要工作多少的一个迹象(虽然很粗糙)。这让你粗略地了解了社会正在积极寻找工作的比例(尽管它可能会错过一些有驱动力但在非正规经济中的人)。由于各国的文化差异和数据限制,我们再次不得不看待男性劳动力参与。总的来说,新兴世界的男性劳动力参与率高于发达国家,但有例外。巴西,印度,泰国,墨西哥和中国都有一些最高的利率(约80%)。尽管有新加坡的财富,但新加坡人力资源仍然很高(75%以上)。日本在发达国家的男性劳动力参与率高(70%以上,但与其他发达国家相比,女性参与率较低)。这个措施在美国和英国有所下降。在西欧,特别是意大利,法国和希腊的男性中,劳动力参与率最低(60%至65%),尽管德国和西班牙与东欧特别是匈牙利的部分地区不相称。