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Work Schedules, Wages and Employment in a General Equilibrium Model with Team Production

  • Terry J. Fitzgerald

    (Research Department, Federal Reserve Bank of Cleveland)

This paper provides a prototype general equilibrium model of team production. Team production refers to production processes which require that the work schedules of heterogeneous workers be closely coordinated. The key innovation in the framework is that the work schedules, wages, and employment of heterogeneous workers are endogenously determined in the presence of team production. I demonstrate the potential importance of modeling team production through a quantitative example. (Copyright: Elsevier)

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File URL: http://dx.doi.org/10.1006/redy.1998.0026
File Function: Full text
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Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.

Volume (Year): 1 (1998)
Issue (Month): 4 (October)
Pages: 809-834

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Handle: RePEc:red:issued:v:1:y:1998:i:4:p:809-830
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  18. Kydland, Finn E., 1984. "Labor-force heterogeneity and the business cycle," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 21(1), pages 173-208, January.
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