The classical Roy-model of selection on the labor market is extended in order to analyze intergenerational mobility. This is done by linking ability uncertainty to family background. I derive implications for the allocation of talent and for background dependent earnings patterns within occupations and show that a very compressed wage structure can cause negative sorting of people with family b...

Dynamic group coordination facilitates adaptive division of labor in response to group-level changes. Yet, little is known about how it can be operationalized in online collaborations among individuals with limited information about each other. We hypothesized that simple social information about the task distribution of others can elicit emergent task allocation. We conducted an online experim...

The organizations of insect societies, such as division of labor, task allocation, collective regulation, mass action responses, have been considered as main reasons for the ecological success. In this article, we propose and study a general modeling framework that includes the following three features: (a) the average internal response threshold for each task (the internal factor); (b) social ...

a r t i c l e i n f o Do congestion externalities offer a reason to depart from complete price stability as the only goal of monetary policy in a New Keynesian model featuring search frictions, and under what conditions is the welfare cost of labor-market distortions sizable? This paper tries to answer these questions by deriving a linear quadratic framework for optimal monetary policy analysis...

In recent years, economists have become increasingly involved in the design of labor market clearinghouses. The design of a marketclearing mechanism affects not only the ex post allocation but also individuals’ ex ante choices, such as those regarding the amounts and types of human capital to acquire. In this paper, we provide an illustration of how the design of labor market–clearing mechanism...

We consider a frictional labor market in which firms want to insure their senior employees against income fluctuations and, at the same time, want to recruit new employees to fill their vacant positions. Firms can commit to a wage schedule, i.e. a schedule that specifies the wage paid by the firm to its employees as function of their tenure and other observables. However, firms cannot commit to...

When individuals’ labor and capital income are subject to uninsurable idiosyncratic risks, should capital and labor be taxed, and if so how? In a two period general equilibrium model with production, we …rst show that reducing investment is welfare improving if households are homogeneous enough ex ante. On the other hand, when the degree of heterogeneity is su¢ ciently high a welfare improvemen...

This paper inspects the coordination of individuals’ decisions on specialization and the determination of labor division in a large competitive economy from a perspective of evolutionary game theory. It is shown that the equilibrium structure of labor division defined by new classical economics is in fact an evolutionarily stable state. In an evolutionary economic environment where the law of “...

In social insects, resource allocation is a key factor that influences colony survival and growth. Optimal allocation to queens and brood is essential for maximum colony productivity, requiring colony members to have information on the total reproductive power in colonies. However, the mechanisms regulating egg production relative to the current labour force for brood care remain poorly known. ...

A model of how personality traits affect household time and resource allocation decisions and wages is developed and estimated. In the model, households choose between two behavioral modes: cooperative or noncooperative. Spouses receive wage offers and allocate time to supplying labor market hours and to producing a public good. Personality traits, measured by the so-called Big Five traits, can...