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A Theory of the Production and Allocation of Effort

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NBER1977-07-01 更新2025-01-04 收录
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The purpose of this paper is to analyze systematically the production of effort and its allocation among different market and non-market sectors. I believe that this analysis can explain much of the variation in earnings that is not explained by human capital. The first section introduces the

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1977-07-01
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