Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10010505328
The existing superstar model (Rosen, 1981) does not require imperfect substitutes, and the convexity of total earnings with respect to talent is due to greater output for those with more talent. Our model explains why wages would increase at an increasing rate in talent. Imperfect...
Persistent link: https://www.econbiz.de/10011076547