: corporate or entrepreneurial. The differences in production technology, financial constraints, and labor market frictions lead … to sector-specific wages and worker sorting across the two sectors. Individuals with lower assets tend to accept lower …

When employers face a trade-off between growing large and paying low wages - that is, when they have monopsony power …

We propose a novel framework that integrates the "task approach" for a more precise production modeling into the search …, wages of both skill groups, and unemployment. In contrast to the canonical model with a fixed task allocation, low …-skilled workers may be harmed in terms of either lower wages or higher unemployment depending on the relative task …

inventory behavior to include a detailed specification of the role of labor input in the production process and of the costs … production process and the definition of labor input as the product of employment and effective hours worked per worker. …