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• W2156454706 abstract "We propose a theory of firm production that requires diverse inputs. We show that in a competitive labor market, firms differ in their skill composition. Organizations with higher Total Factor Productivity (TFP) are larger and hire from a broader range of skills. Technological progress leads to an increase of all wages and results in downsizing. Quantifying productivity using our model shows that a CES production function generates unbiased estimates of TFP but biased estimates of marginal product and elasticity of substitution across skills. Our model also generates estimates of the TFP distribution based on CEO compensation alone." @default.
• W2156454706 created "2016-06-24" @default.
• W2156454706 creator A5018009033 @default.
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• W2156454706 date "2010-01-01" @default.
• W2156454706 modified "2023-09-23" @default.
• W2156454706 title "Diverse Organizations and the Competition for Talent" @default.
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• W2156454706 doi "https://doi.org/10.2139/ssrn.1689753" @default.
• W2156454706 hasPublicationYear "2010" @default.
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