The per worker production function attempts to model how much a single employee will produce based on either land available or capital invested. The Malthusian model bases it solely on land while the ...

This is a preview. Log in through your library . Abstract This paper develops an assignment model of heterogeneous workers to heterogeneous tasks that provides a microeconomic foundation for aggregate ...

Create Citation More formats on IMF eLibrary Order a Print Copy The labor share has been declining in the United States, and especially so in manufacturing. This paper investigates the role of capital ...