Each job can be performed in several ways, which we call tasks. An agent’s per- formance at a task is informative about his productivity at different tasks. But tasks are not contractible: choosing tasks is the prerogative of management within firms, and of the agent if he is an entrepreneur. Firms will invest in the discovery of their workers’ productivity at different tasks only if they cannot easily move to other firms. Therefore, labor-market frictions determine whether learning an agent’s talent occur within firms, or whether an agent may become entrepreneur to acquire task discretion.
|Titolo:||Task Discretion, Labor Market Frictions and Entrepreneurship|
|Data di pubblicazione:||2019|
|Appare nelle tipologie:||5.12 Altro|
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|Canidio-Legros-task-discretion-entrepreneurship.pdf||Documento in Pre-print||Nessuna licenza||Open Access Visualizza/Apri|