Showing 1 - 10 of 145
An inventor's own knowledge is a key input in the innovation process. This knowledge can be built by interacting with … of our new innovation-led endogenous growth model, in which innovations are produced by heterogeneous research teams of … model nests inside the innovation-based endogenous growth model. We estimate the model, which fits the data very closely …
Persistent link: https://www.econbiz.de/10012453248
Does Social Security redistribute across cohorts? Or is it a program for purchasing the jobs' of the elderly? I formalize both models, showing how they have some predictions in common the most important of which is that generational accounts have the appearance of a pyramid scheme.' I also...
Persistent link: https://www.econbiz.de/10012471088
The paper is an empirical cross-section study of the retirement decisions of American white men between the ages of 58 and 67. predicated on the theoretical notion that an individual retires when his reservation wage exceeds his market wage. Reservation wages are derived from an explicit utility...
Persistent link: https://www.econbiz.de/10012478623
Evolution of technology causes human capital to become obsolete. We study this phenomenon in an overlapping generations setting, assuming it is hard to predict how technology will evolve, and that older workers find updating uneconomic. Among our results is the proposition that (under certain...
Persistent link: https://www.econbiz.de/10012470254
In Lazear's (1979) model of efficient long-term incentive contracts, employers impose involuntary retirement based on age. This model implies that age discrimination laws, which bar involuntary terminations based on age, discourage the use of such contracts and reduce efficiency. Alternatively,...
Persistent link: https://www.econbiz.de/10012472726
How does the formation of cross-country teams affect the organization of work and the structure of wages? To study this question we propose a theory of the assignment of heterogeneous agents into hierarchical teams, where less skilled agents specialize in production and more skilled agents...
Persistent link: https://www.econbiz.de/10012467591
This paper investigates the individual and joint effects of group incentive pay and problem-solving teams on productivity. To estimate models of adoption of these work practices and models of the effects of the work practices on productivity, we constructed a data set on the operations of 34...
Persistent link: https://www.econbiz.de/10012470418
perspectives: (1) individual level (the degree to which team members specialize vs. work as generalists), (2) activity level (the … degree to which activities are concentrated among few team members vs. distributed among many) and (3) the intersection … explore team-based knowledge production using a newly available type of data - the disclosures of author contributions on …
Persistent link: https://www.econbiz.de/10012456434
We analyze the costs and benefits of using social image to foster virtuous behavior. A Principal seeks to motivate reputation-conscious agents to supply a public good. Each agent chooses how much to contribute based on his own mix of public-spiritedness, private signal about the value of the...
Persistent link: https://www.econbiz.de/10012456472
Naively present-biased agents are known to be severe procrastinators. In team settings, procrastination can represent a … form of free-riding that, in excess, can jeopardize a team's ability to meet a deadline. Here we show how naivete and … present bias, despite their reputations, can be desirable traits in a teammate, enabling a team to optimize its performance …
Persistent link: https://www.econbiz.de/10012456781