Фактори, въздействащи върху производителността на труда в ЕС-27: анализ на панелни данни
Factors Affecting Labour Productivity in the EU-27: A Panel Data Analysis

Author(s): Maya Tsoklinova
Subject(s): Economy, National Economy, Human Resources in Economy, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: labour productivity; net income; educational level; health status; panel data; fixed effects
Summary/Abstract: The aim of this article is to examine the impact of the population’s educational level, health status and net income from work on labour productivity in the European Union (EU) countries. To achieve this goal, annual data from Eurostat and the United Nations Development Programme (UNDP) for the period 2015 – 2023 for 27 EU member states are used. A panel regression model with fixed time effects is specified. The dependent variable is the labour productivity of one employee, and the factor variables are the annual net income of a four-member family with two working parents and the UNDP Human Development Index (HDI). The latter is perceived as a summary indicator of the health status and educational level of the population. The coefficient of determination of the regression model is 0.567, i.e. about 56.7% of the changes in the value of labour productivity per employee can be explained by the combined influence of the above-mentioned factor variables and fixed time effects. The regression coefficients are statistically significant and provide grounds to conclude that educational level, health status and net labour compensation have a positive impact on labour productivity per employee in the EU 27.

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