Reputation and earnings dynamics

Boyan Jovanovic, Julien Prat

    Research output: Contribution to journalArticlepeer-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 languageEnglish (US)
    Article number105158
    JournalJournal of Economic Theory
    Volume191
    DOIs
    StatePublished - Jan 2021

    Keywords

    • Career concerns
    • Earnings dynamics
    • Endogenous fluctuations
    • Reputation

    ASJC Scopus subject areas

    • Economics and Econometrics

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