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Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1998

The paper examines the determinants of the division of labour within firms. It provides an explanation of the pervasive change in work organization away from the traditional functional departments and towards multi-tasking and job rotation. Whereas the existing literature on the division of...

Persistent link: https://www.econbiz.de/10005788938

Globalization, Roundaboutness and Relative Wages

Francois, Joseph; Grier, Kevin Blaine; Nelson, Douglas - C.E.P.R. Discussion Papers - 2004

We depart from the trade and wages literature and its emphasis on North-South trade, examining North-North trade and linkages between trade-based integration and relative wages in an Etiher-type division of labor model. Using this model we identify a formal relationship between international...

Persistent link: https://www.econbiz.de/10005791536

The Division of Labour, Coordination, and the Demand for Information Processing

Michaels, Guy - C.E.P.R. Discussion Papers - 2007

Since Adam Smith's time, the division of labour in production has increased significantly, while information processing has become an important part of work. This paper examines whether the need to coordinate an increasingly complex division of labour has raised the demand for clerical office...

Persistent link: https://www.econbiz.de/10005792356

Is the Division of Labour Limited By the Extent of the Market? Evidence from French Cities

Duranton, Gilles; Jayet, Hubert - C.E.P.R. Discussion Papers - 2005

This paper provides some evidence that the division of labour is limited by the extent of the (local) market. We first propose a theoretical model. Its main prediction is that scarce occupations are over-represented in large cities. Using census data for French cities, we then provide strong...

Persistent link: https://www.econbiz.de/10005792488

Smithian Growth through Creative Organization

Legros, Patrick; Newman, Andrew; Proto, Eugenio - C.E.P.R. Discussion Papers - 2006

We consider an endogenous growth model in which appropriate organization fosters innovation, but because of contractibility problems, this benefit cannot be internalized. The organizational design element we focus on is the division of labour, which as Adam Smith argued, facilitates invention by...

Persistent link: https://www.econbiz.de/10005136616

Managerial Leverage is Limited By the Extent of the Market: Hierarchies, Specialization and the Utilization of Lawyers' Human Capital

Garicano, Luis; Hubbard, Thomas - C.E.P.R. Discussion Papers - 2005

This paper examines hierarchies’ role in the organization of human-capital-intensive production. We develop an equilibrium model of hierarchical organization, then provide empirical evidence using confidential data on thousands of law offices from the 1992 Census of Services. We show how the...

Persistent link: https://www.econbiz.de/10005497763

On Market Forces and Human Evolution

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2002

This Paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces of natural selection are made weaker because trade allows people to specialize in those activities where they are strong, and to offset their weaknesses by purchasing adequate...

Persistent link: https://www.econbiz.de/10005504779

Technological Progress and Regress in Pre-Industrial Times

Aiyar, Shekhar; Dalgaard, Carl-Johan; Moav, Omer - C.E.P.R. Discussion Papers - 2006

This paper offers micro-foundations for the dynamic relationship between technology and population in the pre-industrial world, accounting for both technological progress and the hitherto neglected but common phenomenon of technological regress. A growing population engenders the endogenous...

Persistent link: https://www.econbiz.de/10005656261

Opportunistic Political Cycles: Test in a Young Democracy Setting

Akhmedov, Akhmed; Ravitchev, Alexei; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2003

, empirical literature has found fairly weak evidence of opportunistic political cycles. This Paper tests the theory in a decade … sizable and short-lived on average; (2) the magnitude of opportunistic cycles decreases with voters' rationality and awareness … incumbent governors. Our results confirm that maturity of democracy as well as rationality and awareness of the electorate are …

Persistent link: https://www.econbiz.de/10005662200

Information Acquisition and Portfolio Performance

Guiso, Luigi; Jappelli, Tullio - C.E.P.R. Discussion Papers - 2006

Rational investors perceive correctly the value of financial information. Investment in information is therefore rewarded with a higher Sharpe ratio. Overconfident investors overstate the quality of their own information, and thus attain a lower Sharpe ratio. We contrast the implications of the...

Persistent link: https://www.econbiz.de/10005123525

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