Efficient Utilization of the Talents:System Gravity,Allocation of Talents and the Growth of Productivity
Based on the theory of reward structure,we formulate a concept,system gravity,and use it to explain the talent allocation in China.Furthermore,we construct a two-sector model to describe the underlying mechanisms of system gravity.The results of our empirical works show that the dominant sys-tem gravity of public sector significantly inhibits a firm's TFP,and this result still holds after a series of robustness tests.Firm's TFP is mainly inhibited by system gravity through talent misallocation and sup-pression of innovation spillover effect.We further show that effect of explicit system gravity is amplified by implicit system gravity,such as social network,job security,etc.
system gravitytalents allocationtotal factor productivity
万方数据
维普
