The following table shows data from the Organization for Economic Co-operation and Development (OECD) on the average

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The following table shows data from the Organization for Economic Co-operation and Development (OECD) on the average number of hours employed people worked per week and on real GDP per capita for seven countries.
Real per Capita GDP Average Hours Worked $41,007 Germany 26.2 32.8 Canada $41,475 $34,929 Japan 33.3 OECD average (34 na

The average German worker worked 8 fewer hours but earned $9,000 less per year than did the average worker in the United States. Can we conclude anything about the well-being of the average German worker versus the well-being of the average worker in the United States from these data? What measures besides average number of hours worked and real per capita GDP would you like to see in evaluating the well-being of workers in OECD countries?

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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