| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12815 |
| 来源ID | Working Paper 12815 |
| The Return to Knowledge Hierarchies | |
| Luis Garicano; Thomas N. Hubbard | |
| 发表日期 | 2007-01-11 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Hierarchies allow individuals to leverage their knowledge through others' time. This mechanism increases productivity and amplifies the impact of skill heterogeneity on earnings inequality. To quantify this effect, we analyze the earnings and organization of U.S. lawyers and use the equilibrium model of knowledge hierarchies in Garicano and Rossi-Hansberg (2006) to assess how much lawyers' productivity and the distribution of earnings across lawyers reflects lawyers' ability to organize problem-solving hierarchically. We analyze earnings, organizational, and assignment patterns and show that they are generally consistent with the main predictions of the model. We then use these data to estimate the model. Our estimates imply that hierarchical production leads to at least a 30% increase in production in this industry, relative to a situation where lawyers within the same office do not "vertically specialize." We further find that it amplifies earnings inequality, increasing the ratio between the 95th and 50th percentiles from 3.7 to 4.8. We conclude that the impact of hierarchy on productivity and earnings distributions in this industry is substantial but not dramatic, reflecting the fact that the problems lawyers face are diverse and that the solutions tend to be customized. |
| 主题 | Microeconomics ; Households and Firms ; Labor Economics ; Labor Supply and Demand ; Labor Compensation ; Labor Market Structures ; Industrial Organization ; Firm Behavior ; Industry Studies |
| URL | https://www.nber.org/papers/w12815 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570480 |
| 推荐引用方式 GB/T 7714 | Luis Garicano,Thomas N. Hubbard. The Return to Knowledge Hierarchies. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12815.pdf（447KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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