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Title: Economic Development and the Organization of Production

Citation Type: Miscellaneous

Publication Year: 2014

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Abstract: We present a heterogeneous agent model with occupational choice and endogenous accumulation of skills to examine the organization of production both within and across countries. Quality and quantity of workers are imperfect substitutes. The span of con- trol is endogenously determined by the quality of workers assigned to an entrepreneur. We calibrate the model to match certain features of the US economy. It yields a number of empirical implications for firm heterogeneity, occupational choice and the life cycle dynamics of firm size and earnings. Varying the aggregate efficiency of economies, we find that entrepreneur and worker human capital can substantially improve our under- standing of various empirical regularities pertaining to the organization of production across countries.

Url: https://www.ssc.wisc.edu/~aseshadr/WorkingPapers/EDOP.pdf

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Authors: Roys, Nicolas; Seshadri, Ananth

Publisher: University of Wisconsin Madison

Data Collections: IPUMS USA

Topics: Other

Countries: United States