Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159173
Authors: 
Orsini, Raimondello
Year of Publication: 
1998
Series/Report no.: 
Quaderni - Working Paper DSE 332
Abstract: 
With a fixed hierarchy of jobs, workers engage in a rent-seeking game based on their individual levels of human capital, in order to obtain high-paying positions in the social division of labour. The macroeconomic effects of the worker`s quest for privileged positions are studied through the numerical simulation of an OLG model with credit rationing and neural network expectations. The model shows that a higher turnover and higher meritocracy degree in the job-allocation mechanisms is bound to lead to greater economic growth.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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