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Reputation and earnings dynamics

Author

Listed:
  • Boyan Jovanovic

    (NYU - New York University [New York] - NYU - NYU System)

  • Julien Prat

    (X-DEP-HSS - Département d'Humanités et Sciences Sociales de l'École polytechnique - X - École polytechnique, CREST - Centre de Recherche en Économie et Statistique - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - X - École polytechnique - ENSAE Paris - École Nationale de la Statistique et de l'Administration Économique - CNRS - Centre National de la Recherche Scientifique)

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.

Suggested Citation

  • Boyan Jovanovic & Julien Prat, 2021. "Reputation and earnings dynamics," Post-Print hal-03096282, HAL.
    • Handle: RePEc:hal:journl:hal-03096282
    DOI: 10.1016/j.jet.2020.105158
    Note: View the original document on HAL open archive server: https://hal.science/hal-03096282
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Reputation; Career Concerns; Earnings Dynamics; Endogenous Fluctuations;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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