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 (US)
Article number	105158
Journal	Journal of Economic Theory
Volume	191
DOIs	https://doi.org/10.1016/j.jet.2020.105158
State	Published - Jan 2021

Keywords

Career concerns
Earnings dynamics
Endogenous fluctuations
Reputation

ASJC Scopus subject areas

Economics and Econometrics

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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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year = "2021",

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doi = "10.1016/j.jet.2020.105158",

language = "English (US)",

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journal = "Journal of Economic Theory",

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Reputation and earnings dynamics

Abstract

Keywords

ASJC Scopus subject areas

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