Firm formation with heterogeneous management and labor skills

Boyan Jovanovic

    Research output: Contribution to journalArticle

    Abstract

    When both management skills and labor skills differ in the population, the nature of firm formation can differ radically from the equilibrium we are used to dealing with: The best potential managers could end up as wage workers. This happens when managerial skills are positively correlated with working skills, and there is some empirical evidence that this is indeed the case.

    Original languageEnglish (US)
    Pages (from-to)185-191
    Number of pages7
    JournalSmall Business Economics
    Volume6
    Issue number3
    DOIs
    StatePublished - Jun 1994

    Fingerprint

    Firm formation
    Labor
    Empirical evidence
    Wages
    Management skills
    Managerial skills
    Managers
    Workers

    ASJC Scopus subject areas

    • Economics and Econometrics

    Cite this

    Firm formation with heterogeneous management and labor skills. / Jovanovic, Boyan.

    In: Small Business Economics, Vol. 6, No. 3, 06.1994, p. 185-191.

    Research output: Contribution to journalArticle

    Jovanovic, Boyan. / Firm formation with heterogeneous management and labor skills. In: Small Business Economics. 1994 ; Vol. 6, No. 3. pp. 185-191.
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