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- W2146538185 abstract "In this paper, Adam Smith's theory of labor specialization is formulated and tested. The restrictions in the theory are explicitly derived, and Smith's Theorem — that specialization will rise with the output rate — is rigorously stated. A simple human capital model is then employed to derive testable implications of the theory. Wage equations are estimated for the U.S. shipbuilding industry during World War II. The peculiarities of the war data notwithstanding, the results are strongly supportive of the theory." @default.
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- W2146538185 date "1977-10-01" @default.
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- W2146538185 title "THE DIVISION OF LABOR IN THE FIRM" @default.
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- W2146538185 doi "https://doi.org/10.1111/j.1465-7295.1977.tb01112.x" @default.
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