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Gans, Joshua - National Bureau of Economic Research - 2025

This paper develops a unified model of the cognitive division of labour in a knowledge economy. Building on recent frameworks for knowledge creation and decision making under uncertainty, it distinguishes between specialists, who engage in costly "on the spot" reasoning to generate tacit...

Persistent link: https://www.econbiz.de/10015450900

The Division of Labor in Teams : A Conceptual Framework and Application to Collaborations in Science

Häussler, Carolin - 2016

Even though teams have become the dominant mode of knowledge production, little is known regarding how they divide work among their members. Conceptualizing knowledge production as a process involving a number of functional activities, we first develop a conceptual framework to study the...

Persistent link: https://www.econbiz.de/10012456434

Specialization in Bank Lending : Evidence from Exporting Firms

Paravisini, Daniel - 2015

We develop an empirical approach for identifying specialization in bank lending using granular data on borrower … activities. We illustrate the approach by characterizing bank specialization by export market, combining bank, loan, and export … data for all firms in Peru. We find that all banks specialize in at least one export market, that specialization affects a …

Persistent link: https://www.econbiz.de/10012456871

Diversification through Trade

Caselli, Francesco - 2015

specialization and hence exposure to sector-specific shocks. We revisit the common wisdom and argue that when country-wide shocks are … importance of the two mechanisms (sectoral specialization and cross-country diversification) and provide a new answer to the …

Persistent link: https://www.econbiz.de/10012457170

Adam Smith's "Tolerable Administration of Justice" and the Wealth of Nations

Irwin, Douglas A. - 2014

In the Wealth of Nations, Adam Smith argues that a country's national income depends on its labor productivity, which in turn hinges on the division of labor. But why are some countries able to take advantage of the division of labor and become rich, while others fail to do so and remain poor?...

Persistent link: https://www.econbiz.de/10012458029

Does Knowledge Accumulation Increase the Returns to Collaboration?

Agrawal, Ajay - 2013

We conduct the first empirical test of the knowledge burden hypothesis, one of several theories advanced to explain increasing team sizes in science. For identification, we exploit the collapse of the USSR as an exogenous shock to the knowledge frontier causing a sudden release of previously...

Persistent link: https://www.econbiz.de/10012458968

Allocating Household Time : When Does Efficiency Imply Specialization?

Pollak, Robert A. - 2013

The critical assumption that leads to the specialization conclusion in Becker's Treatise on the Family is that spouses … absence of process preferences) perfect substitutes imply specialization. Although some of Becker's proofs appear to rely on … households optimally adjusting spouses' stocks of market and household human capital, the specialization conclusion does not …

Persistent link: https://www.econbiz.de/10012459484

Task Specialization in U.S. Cities from 1880-2000

Michaels, Guy - 2013

We develop a new methodology for quantifying the tasks undertaken within occupations using over 3,000 verbs from more than 12,000 occupational descriptions in the Dictionary of Occupational Titles (DOTs). Using micro-data from the United States from 1880-2000, we find an increase in the...

Persistent link: https://www.econbiz.de/10012459946

Market Size, Division of Labor, and Firm Productivity

Chaney, Thomas - 2012

We generalize Krugman's (1979) 'new trade' model by allowing for an explicit production chain in which a range of tasks is performed sequentially by a number of specialized teams. We demonstrate that an increase in market size induces a deeper division of labor among these teams which leads to...

Persistent link: https://www.econbiz.de/10012460417

Allocating Time : Individuals' Technologies, Household Technology, Perfect Substitutes, and Specialization

Pollak, Robert A. - 2011

In an efficient household if the spouses' time inputs are perfect substitutes, then spouses will "specialize" regardless of their preferences and the governance structure. That is, both spouses will not allocate time to both household production and the market sector. The perfect substitutes...

Persistent link: https://www.econbiz.de/10012461129