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Persistent link: https://www.econbiz.de/10001719700
We analyze the extent to which intergenerational teams provide information on workers' productivity in the long run. We use a dynamic stochastic framework where wages are reputation-based and consider three possible work arrangements. When agents can only work by themselves we show that some...
Persistent link: https://www.econbiz.de/10005345634
Persistent link: https://www.econbiz.de/10005345436
We ask whether young agents prefer to work in different-age or same-age production pairs in an overlapping-generations model where wages are reputation-based. We find that inter-generational teams (i) produce more heterogeneity in the old workers' reputations, (ii) generate a greater share of...
Persistent link: https://www.econbiz.de/10005100566