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The paper examines the determinants of the division of labor within firms. It provides an explanation of the pervasive observed changes in work organization away from the traditional functional departments and toward multi-tasking and job rotation. Whereas the existing literature on the division...
Persistent link: https://www.econbiz.de/10005082494
Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper follows Lazear's (2005) Jack-of-all-trades hypothesis according to which an individual with a more balanced set of abilities is more likely to enter into entrepreneurship. In the...
Persistent link: https://www.econbiz.de/10005025459
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10004963483
The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … to this, one can observe great efforts of private firms for the purposeful codification of knowledge. We incorporate … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …
Persistent link: https://www.econbiz.de/10005800880