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Occupational Choice with Endogenous Spillovers

Datos Bibliográficos

ID9709316
AutoresFacundo Albornoz (0000-0001-8123-0550, University of Nottingham and Instituto Interdisciplinario de Economía Política, Consejo Nacional de Investigaciones Cientificas y Tecnicas (IIIEP-CONICET), Buenos Aires), Antonio Cabrales (0000-0003-0209-0399, University College London, autor de correspondencia), Esther Hauk (0000-0002-3089-9307, Instituto de Análisis Económico (IAE-CSIC), Markets, Organizations and Votes in Economics (MOVE) and Barcelona Graduate School of Economics)
Año2019
Volumen129
Número621
Páginas1953-1970
Fecha de publicación2019-07-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.1111/ecoj.12634
OpenAlexW2625213503
IdiomaEN
Citas recibidas4
Referencias citadas58

We study a model that integrates productive and socialising efforts with occupational choice, and endogenous spillovers. We show that more talented individuals work harder and contribute more to externalities, but also have incentives to segregate. Average socialising increases the productivity of the occupation. The size of an occupation grows with its synergies. Individuals underinvest in productive and socialising effort, and sort themselves inefficiently into occupations. We derive the optimal subsidy for sorting into different occupations. Finally, we derive a rule to identify overpopulated sectors and establish the connection between inequality of talents, socialising, productive efforts and occupation size

Economic growth · Economics · Endogenous growth theory · Externality · Human capital · Incentive · Inequality · Labour economics · Microeconomics · Productivity · sort · Sorting · Subsidy · Work (physics · Computer Science · Economic Growth and Productivity · Economic Policies and Impacts · Economic theories and models · Engineering · Mathematics

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Obras citantes distintas4
Citas por año0,8
Intervalo de citas2021 - 2024 (4)
Velocidad de citaciónrecent
Altamente citadoNo
Tipos de citaNeutras: 4
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