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1. 1. The Generalist Trap - A Theoretical Exploration of Specialisation in Labour Markets

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Henry Chen; Marcus Hagman; [2020]
   Keywords : Time allocation; Specialisation; Generalisation; Labour market; Learning by doing;

   Abstract : It has previously been acknowledged that the increase in productivity resulting from time allocated to a task is a key driver of specialisation in economies. This paper presents three models exploring the topic of specialisation by assuming that the allocation of an agent's time influences production both directly and indirectly, the latter through an experience-based learning effect. READ MORE