Reputation and earnings dynamics

Boyan Jovanovic, Julien Prat

    Research output: Contribution to journalArticlepeer-review


    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
    StatePublished - Jan 2021


    • Career concerns
    • Earnings dynamics
    • Endogenous fluctuations
    • Reputation

    ASJC Scopus subject areas

    • Economics and Econometrics


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