Download This PaperReputation and Earnings Dynamics
52 Pages Posted: 9 Nov 2020 Last revised: 25 Aug 2024
Date Written: November 2020
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: Suggested Citation
Jovanovic, Boyan and Prat, Julien, Reputation and Earnings Dynamics (November 2020). NBER Working Paper No. w28052, Available at SSRN: https://ssrn.com/abstract=3727128
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