The role of the population as a carrier of intellectual potential increases many times in post-industrial countries, where it is the intelligence of the nation as a set of intellects of individuals that becomes the real engine and determining factor of progress. At the same time, along with the...

We argue that corporate investment decisions depend not only on project characteristics such as expected NPV, but also on how well a firm can assess its managers' human capital. If so, projects pitched by managers about whom the firm has more complete information should be more likely to be...

This paper discusses about job and labor from the perspective of macroeconomics and politics using short essays and examples. It is often the case that jobs and labor events are in conflict with an intuition which is led from labor economics based on microeconomics theory. These discrepancies...

The paper examines of the division of labor within firms. It provides an explanation of the pervasive observed changes in work organisation away from the traditional functional departments and towards multi-tasking and job rotation. Whereas the exsisting literature on the division of labour...

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 towards multi-tasking and job rotation. Whereas the existing literature on the...

When workers are faced with the threat of unemployment, their relationship with a particular firm becomes valuable. As a result, a worker may comply with the terms of a relational contract that demands high effort even when performance is not enforceable by a third party. But can relational...

When workers are faced with the threat of unemployment, their relationship with a particular firm becomes valuable. As a result, a worker may comply with the terms of a relational contract that demands high effort even when performance is not enforceable by a third party. But can relational...

We investigate labor exchange teams in rural communities, which are prevalent in many developing countries. We show theoretically that these teams are beneficial to employers, who can outsource the monitoring of workers. Team members are incentivized to exert a high level of effort because any...