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Reputation and Earnings Dynamics

Author

Listed:
  • Boyan Jovanovic
  • Julien Prat
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, 2020. "Reputation and Earnings Dynamics," NBER Working Papers 28052, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:28052
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    References listed on IDEAS

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    More about this item

    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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