Annexes to COM(2001)418 - Labour cost index - Main contents
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| dossier | COM(2001)418 - Labour cost index. |
|---|---|
| document | COM(2001)418  |
| date | February 27, 2003 |
The formula to be used for the calculation of the LCI
1. Define:
wit= labour costs per hour worked of employees in economic activity i in period t
hit= hours worked by employees in economic activity i in period t
Wij= wij * hij = labour costs of employees in economic activity i in annual period j.
2. The basic Laspeyres formula to be used to calculate the LCI for period t with annual base period j is defined as:
>REFERENCE TO A GRAPHIC>
3. The methodology for chaining the index will be defined in accordance with the procedure referred to in Article 12(2).
4. The weights used to calculate the index and referred to in Article 6(1), are the values of:
>REFERENCE TO A GRAPHIC>
where Wij, i and j are defined in paragraph 1 of this Annex. These weights should be used for the calculation of the index within two years of the period to which they relate.