Grossmann, Volker - In: Journal of Institutional and Theoretical Economics (JITE) 156 (2000) 3, pp. 473-473
This paper analyzes the labor market effects of an increase in incetives in raising total factor productivity and, thus, reallocating high-skilled labor from production to non-production (i.e., R&D) activities. Within an endogenous growth framework, it is shown that such a reallocation of...