DIVERSE ORGANIZATIONS AND THE COMPETITION FOR TALENT
提出一个需要多元化投入的企业生产理论，发现高生产率企业规模更大且雇佣技能范围更广，技术进步会提高所有工资但导致企业裁员，并指出CES生产函数在估计边际产品和技能替代弹性时存在偏差。
We propose a theory of firm production that requires diverse inputs. We show that in a competitive labor market, firms differ in their skill composition. Organizations with higher total factor productivity (TFP) are larger and hire from a broader range of skills. Technological progress leads to an increase of all wages and results in downsizing. Quantifying productivity using our model shows that a constant elasticity of substitution (CES) production function generates unbiased estimates of TFP but biased estimates of marginal product and elasticity of substitution across skills. Our model also generates estimates of the TFP distribution based on CEO compensation alone.