Reputation and earnings dynamics

Boyan Jovanovic; Julien Prat

doi:10.1016/j.jet.2020.105158

Reputation and earnings dynamics

Boyan Jovanovic
, Julien Prat

Research output: Contribution to journal › Article › peer-review

Abstract

Cyclical patterns in earnings can arise when contracts between firms and their workers are incomplete, and when workers cannot borrow or lend so as to smooth their consumption. Effort cycles generate occasional large changes in earnings. These large changes are transitory, consistent with recent empirical findings.

Original language	English
Article number	105158
Journal	Journal of Economic Theory
Volume	191
DOIs	https://doi.org/10.1016/j.jet.2020.105158
Publication status	Published - 1 Jan 2021
Externally published	Yes

Keywords

Career concerns
Earnings dynamics
Endogenous fluctuations
Reputation

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10.1016/j.jet.2020.105158

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title = "Reputation and earnings dynamics",

abstract = "Cyclical patterns in earnings can arise when contracts between firms and their workers are incomplete, and when workers cannot borrow or lend so as to smooth their consumption. Effort cycles generate occasional large changes in earnings. These large changes are transitory, consistent with recent empirical findings.",

keywords = "Career concerns, Earnings dynamics, Endogenous fluctuations, Reputation",

author = "Boyan Jovanovic and Julien Prat",

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AB - Cyclical patterns in earnings can arise when contracts between firms and their workers are incomplete, and when workers cannot borrow or lend so as to smooth their consumption. Effort cycles generate occasional large changes in earnings. These large changes are transitory, consistent with recent empirical findings.

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KW - Endogenous fluctuations

KW - Reputation

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Reputation and earnings dynamics

Abstract

Keywords

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