The Measurement of Employee Welfare and Its Effects on the Output Level

Esra Karapinar Kocağ
{"title":"The Measurement of Employee Welfare and Its Effects on the Output Level","authors":"Esra Karapinar Kocağ","doi":"10.4018/978-1-7998-8426-2.ch018","DOIUrl":null,"url":null,"abstract":"Welfare, in general, refers to both economic and social prosperity of individuals. From an economic point of view, individuals are very important actors of the labour market in the production process. This chapter focuses on employees and attempts to offer a valuable insight into the concept of welfare, its measurement, and its potential impact on the national product. Measuring welfare is not straightforward due to its multidimensional concept. The purpose of this chapter is to provide a way of measurement of employee welfare through an index that combines selected welfare components of employees. In the process of building that index, principal component analysis (PCA) was applied. Preserving variability and reducing dimensionality, this method is a very functional tool to represent multidimensional variables such as welfare in this case. Eurostat data for the period of 2008-2018 were utilized to explain the impact of employee welfare on the GDP per capita for 32 European countries. Findings revealed that employee welfare is a significant indicator of the national product.","PeriodicalId":333595,"journal":{"name":"Handbook of Research on Novel Practices and Current Successes in Achieving the Sustainable Development Goals","volume":"85 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Handbook of Research on Novel Practices and Current Successes in Achieving the Sustainable Development Goals","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.4018/978-1-7998-8426-2.ch018","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

Welfare, in general, refers to both economic and social prosperity of individuals. From an economic point of view, individuals are very important actors of the labour market in the production process. This chapter focuses on employees and attempts to offer a valuable insight into the concept of welfare, its measurement, and its potential impact on the national product. Measuring welfare is not straightforward due to its multidimensional concept. The purpose of this chapter is to provide a way of measurement of employee welfare through an index that combines selected welfare components of employees. In the process of building that index, principal component analysis (PCA) was applied. Preserving variability and reducing dimensionality, this method is a very functional tool to represent multidimensional variables such as welfare in this case. Eurostat data for the period of 2008-2018 were utilized to explain the impact of employee welfare on the GDP per capita for 32 European countries. Findings revealed that employee welfare is a significant indicator of the national product.
员工福利的测度及其对产出水平的影响
一般来说,福利是指个人的经济和社会繁荣。从经济学的角度来看,个人在生产过程中是劳动力市场非常重要的参与者。本章的重点是员工,并试图提供一个有价值的洞察福利的概念,它的测量,以及它对国民生产总值的潜在影响。由于福利的概念是多维的,所以衡量福利并不简单。本章的目的是提供一种衡量员工福利的方法,通过一个指数,结合选定的员工福利组成部分。在构建该指标的过程中,应用了主成分分析(PCA)。在这种情况下,保持可变性和降低维数,这种方法是一种非常实用的工具,可以表示多维变量,如福利。利用欧盟统计局2008-2018年的数据来解释32个欧洲国家员工福利对人均GDP的影响。研究发现,员工福利是衡量国民生产总值的重要指标。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:604180095
Book学术官方微信