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Over all, the change was tremendously beneficial to the economy — the paper attributes as much as 20 percent of increased productivity over the past half century to greater equality and "the resulting improved allocation of talent".
Finally, our theoretical framework demonstrates how production structures affect the labour market or more concretely, the allocation of talent.
The connection between economic structure and the allocation of talent has not been explored within the literature.
This equilibrium is unlike the stability between reward structures and the allocation of talent proposed in Acemoglu (1995).
Furthermore, with government playing a heavy role, the incentives for the efficient allocation of talent are all distorted.
This paper sheds light on the relationship between oil rent and the allocation of talent, toward rent-seeking versus more productive activities, conditional on the quality of institutions.
Similar(49)
Acemoglu explains that the past allocations of talent influence future reward structures and shape the future allocation of talent note that economic structure is missing from this equilibrium process.
In order to improve the efficiency of allocation of entrepreneurial talent and efforts, it is important to further reduce the domain of position-based rights, and build a better-defined and more effectively-protected property rights system.
Even more efficient allocation of women's talents would, presumably, drive further growth, which will become even more critical in the years ahead.
Menlo will also continue its allocation of $15 million for the "Menlo Talent Fund," aimed at promising seed-stage ideas.
To better safeguard the healthy growth of Aliyun OS business and further implement the [Alibaba] Group's Aliyun wireless strategy, we need to make adjustments in terms of talent, organizational structure and the Group's resource allocation. 1.
Related(19)
allocation of competences
allocation of funding
allocation of capital
allocation of camera
allocation of judge
allocation of time
allocation of land
allocation of building
allocation of risk
allocation of property
allocation of water
allocation of space
allocation of credit
allocation of power
allocation of powers
availability of talent
allocation of people
allocation of manpower
amount of talent
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