Reputation and earnings dynamics

Boyan Jovanovic () and Julien Prat

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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: Reputation; Career Concerns; Earnings Dynamics; Endogenous Fluctuations (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-mac
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Published in Journal of Economic Theory, 2021, 191, pp.105158. ⟨10.1016/j.jet.2020.105158⟩

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Journal Article: Reputation and earnings dynamics (2021)
Working Paper: Reputation and Earnings Dynamics (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03096282

DOI: 10.1016/j.jet.2020.105158

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