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| Author: | Matsui, Akihiko Postlewaite, Andrew |
| Title: | Specialization of labor and the distribution of income |
| Journal: | Games and Economic Behavior
2000 : OCT, VOL. 33:1, p. 72-89 |
| Index terms: | DIVISION OF LABOUR SPECIALIZATION INCOME DISTRIBUTION |
| Language: | eng |
| Abstract: | A model in which workers must be allocated to tasks to produce is analyzed. There are differences among the workers in absolute ability that are independent of the activity they perform. A unique competitive equilibrium that determines both wages and the allocation of workers to tasks is demonstrated. The equilibrium wage has the property that workers assigned to the lowest "value-added" tasks will receive a "premium" above their identifiable contribution to value simply for filling these least valuable positions. |
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