| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2343 |
| DP2343 Would Collective Action Clauses Raise Borrowing Costs? | |
| Ashoka Mody | |
| 发表日期 | 1999-12-17 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | We study the earnings structure and the equilibrium assignment of workers when they exert intra-firm spillovers on each other. We allow for arbitrary spillovers provided output depends on some aggregate index of workers' skill. Despite the possibility of increasing returns to skills, equilibrium typically exists. We show that equilibrium will typically be segregated; that the skill space can be partitioned into a set of segments and any firm hires from only one segment. Next, we apply the model to analyze the effect of information technology on segmentation and the distribution of income. There are two types of human capital, productivity and creativity, i.e. the ability to produce ideas that may be duplicated over a network. Under plausible assumptions, inequality rises and then falls when network size increases, and the poorest workers cannot lose. We also analyze the impact of an improvement in worker quality and of an increased international mobility of ideas. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Income distribution Increasing returns Information technology Networks Segregation Spilllovers Stratification Worker assignment |
| URL | https://cepr.org/publications/dp2343 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531433 |
| 推荐引用方式 GB/T 7714 | Ashoka Mody. DP2343 Would Collective Action Clauses Raise Borrowing Costs?. 1999. |
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