Reputation and earnings dynamics

Boyan Jovanovic; Julien Prat

doi:10.1016/j.jet.2020.105158

Reputation and earnings dynamics

Boyan Jovanovic
, Julien Prat

New York University
ENSAE

Résultats de recherche: Contribution à un journal › Article › Revue par des pairs

Résumé

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.

langue originale	Anglais
Numéro d'article	105158
journal	Journal of Economic Theory
Volume	191
Les DOIs	https://doi.org/10.1016/j.jet.2020.105158
état	Publié - 1 janv. 2021
Modification externe	Oui

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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.",

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Reputation and earnings dynamics

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