Breton, Michèle; St-Amour, Pascal; Vencatachellum, Désiré - Centre Interuniversitaire de Recherche en Analyse des … - 2002
We ask whether young agents prefer to work in different-age or same-age production pairs in an overlapping-generations model where wages are reputation-based. We find that inter-generational teams (i) produce more heterogeneity in the old workers' reputations, (ii) generate a greater share of...