Firm choice and career success - theory and evidence
Author
Abstract
Suggested Citation
DOI: 10.1016/j.euroecorev.2020.103470
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Michèle D. Cohen, 1995. "Risk-Aversion Concepts in Expected- and Non-Expected-Utility Models," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 20(1), pages 73-91, June.
- Edwin Leuven & Hessel Oosterbeek & Joep Sonnemans & Bas van der Klaauw, 2011.
"Incentives versus Sorting in Tournaments: Evidence from a Field Experiment,"
Journal of Labor Economics, University of Chicago Press, vol. 29(3), pages 637-658.
- Oosterbeek, Hessel & van der Klaauw, Bas & Leuven, Edwin & Sonnemans, Joep, 2008. "Incentives Versus Sorting in Tournaments: Evidence from a Field Experiment," CEPR Discussion Papers 6670, C.E.P.R. Discussion Papers.
- Leuven, Edwin & Oosterbeek, Hessel & Sonnemans, Joep & van der Klaauw, Bas, 2008. "Incentives versus Sorting in Tournaments: Evidence from a Field Experiment," IZA Discussion Papers 3326, Institute of Labor Economics (IZA).
- Diamond, Peter A. & Stiglitz, Joseph E., 1974. "Increases in risk and in risk aversion," Journal of Economic Theory, Elsevier, vol. 8(3), pages 337-360, July.
- Marc Gürtler & Oliver Gürtler, 2019.
"Promotion signaling, discrimination, and positive discrimination policies,"
RAND Journal of Economics, RAND Corporation, vol. 50(4), pages 1004-1027, December.
- Gürtler, Oliver, 2015. "Promotion signaling, discrimination, and positive discrimination policies," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113005, Verein für Socialpolitik / German Economic Association.
- Gibbons, Robert & Katz, Lawrence F, 1991.
"Layoffs and Lemons,"
Journal of Labor Economics, University of Chicago Press, vol. 9(4), pages 351-380, October.
- Gibbons, R. & Katz, L.F., 1989. "Layoffs And Lemons," Working papers 531, Massachusetts Institute of Technology (MIT), Department of Economics.
- Robert Gibbons & Lawrence Katz, 1989. "Layoffs and Lemons," NBER Working Papers 2968, National Bureau of Economic Research, Inc.
- Gibbons, Robert & Katz, Lawrence F., 1991. "Layoffs and Lemons," Scholarly Articles 3442782, Harvard University Department of Economics.
- Robert Gibbons & Lawrence F. Katz, 1989. "Layoffs and Lemons," Working Papers 629, Princeton University, Department of Economics, Industrial Relations Section..
- Marc Gürtler & Oliver Gürtler, 2015.
"The Optimality of Heterogeneous Tournaments,"
Journal of Labor Economics, University of Chicago Press, vol. 33(4), pages 1007-1042.
- Gürtler, Marc & Gürtler, Oliver, 2013. "The optimality of heterogeneous tournaments," Working Papers IF42V1, Technische Universität Braunschweig, Institute of Finance.
- Dickmanns, Lisa & Gürtler, Marc & Gürtler, Oliver, 2018. "Market-based tournaments: An experimental investigation," Labour Economics, Elsevier, vol. 51(C), pages 294-306.
- Suman Ghosh & Michael Waldman, 2010.
"Standard promotion practices versus up‐or‐out contracts,"
RAND Journal of Economics, RAND Corporation, vol. 41(2), pages 301-325, June.
- Suman Ghosh & Michael Waldman, 2006. "Standard Promotion Practices Versus Up-Or-Out Contracts," Working Papers 06007, Department of Economics, College of Business, Florida Atlantic University.
- Mike Conlin, 1999. "Empirical Test of a Separating Equilibrium in National Football League Contract Negotiations," RAND Journal of Economics, The RAND Corporation, vol. 30(2), pages 289-304, Summer.
- Chevalier, Judith & Ellison, Glenn, 1997.
"Risk Taking by Mutual Funds as a Response to Incentives,"
Journal of Political Economy, University of Chicago Press, vol. 105(6), pages 1167-1200, December.
- Judith A. Chevalier & Glenn D. Ellison, 1995. "Risk Taking by Mutual Funds as a Response to Incentives," NBER Working Papers 5234, National Bureau of Economic Research, Inc.
- Chevalier, J. & Ellison, G., 1996. "Risk Taking by Mutual Funds as a Response to Incentives," Working papers 96-3, Massachusetts Institute of Technology (MIT), Department of Economics.
- Cassidy, Hugh & DeVaro, Jed & Kauhanen, Antti, 2016. "Promotion signaling, gender, and turnover: New theory and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 126(PA), pages 140-166.
- Christian Deutscher & Arne Büschemann, 2016. "Does Performance Consistency Pay Off Financially for Players? Evidence From the Bundesliga," Journal of Sports Economics, , vol. 17(1), pages 27-43, January.
- repec:hal:spmain:info:hdl:2441/2ldopuhqfp8e7oriqpulud8k5o is not listed on IDEAS
- Ghazala Azmat & Marc Möller, 2018.
"The Distribution of Talent Across Contests,"
Economic Journal, Royal Economic Society, vol. 128(609), pages 471-509, March.
- Ghazala Azmat & Marc Möller, 2012. "The Distribution of Talent across Contests," Working Papers 600, Barcelona School of Economics.
- Ghazala Azmat & Marc Möller, 2018. "The Distribution of Talent Across Contests," SciencePo Working papers Main hal-03263984, HAL.
- Ghazala Azmat & Marc Möller, 2012. "The distribution of talent across contests," Economics Working Papers 1298, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2013.
- Ghazala Azmat & Marc Möller, 2016. "The Distribution of Talent across Contests," Working Papers 789, Queen Mary University of London, School of Economics and Finance.
- Ghazala Azmat & Marc Möller, 2018. "The Distribution of Talent Across Contests," Post-Print hal-03263984, HAL.
- Leandro Arozamena & Estelle Cantillon, 2004.
"Investment Incentives in Procurement Auctions,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(1), pages 1-18.
- Leandro Arozamena & Estelle Cantillon, 2000. "Investment Incentives in Procurement Auctions," Cowles Foundation Discussion Papers 1276, Cowles Foundation for Research in Economics, Yale University.
- Leandro Arozamena & Estelle Cantillon, 2004. "Investment incentives in procurement auctions," ULB Institutional Repository 2013/9005, ULB -- Universite Libre de Bruxelles.
- Cantillon, Estelle & Arozamena, Leandro, 2001. "Investment Incentives in Procurement Auctions," CEPR Discussion Papers 2676, C.E.P.R. Discussion Papers.
- Waldman, Michael, 2016. "The dual avenues of labor market signaling," Labour Economics, Elsevier, vol. 41(C), pages 120-134.
- Michael Waldman, 1984.
"Job Assignments, Signalling, and Efficiency,"
RAND Journal of Economics, The RAND Corporation, vol. 15(2), pages 255-267, Summer.
- Michael Waldman, 1983. "Job Assignments, Signalling nad Efficiency," UCLA Economics Working Papers 286, UCLA Department of Economics.
- Ghazala Azmat & Marc Möller, 2009.
"Competition among contests,"
RAND Journal of Economics, RAND Corporation, vol. 40(4), pages 743-768, December.
- Ghazala Azmat & Marc Möller, 2008. "Competition amongst contests," Economics Working Papers 1072, Department of Economics and Business, Universitat Pompeu Fabra.
- John Morgan & Dana Sisak & Felix Várdy, 2018.
"The Ponds Dilemma,"
Economic Journal, Royal Economic Society, vol. 128(611), pages 1634-1682, June.
- John Morgan & Dana Sisak & Felix Vardy, 2015. "The Ponds Dilemma," CESifo Working Paper Series 5539, CESifo.
- Jed DeVaro & Michael Waldman, 2012.
"The Signaling Role of Promotions: Further Theory and Empirical Evidence,"
Journal of Labor Economics, University of Chicago Press, vol. 30(1), pages 91-147.
- DeVaro, Jed & Waldman, Michael, 2006. "The signaling role of promotions: Further theory and empirical evidence," MPRA Paper 1550, University Library of Munich, Germany.
- Jan Zábojník & Dan Bernhardt, 2001. "Corporate Tournaments, Human Capital Acquisition, and the Firm Size—Wage Relation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 68(3), pages 693-716.
- Peeters, Thomas, 2018. "Testing the Wisdom of Crowds in the field: Transfermarkt valuations and international soccer results," International Journal of Forecasting, Elsevier, vol. 34(1), pages 17-29.
- Claudio Lucifora & Rob Simmons, 2003. "Superstar Effects in Sport," Journal of Sports Economics, , vol. 4(1), pages 35-55, February.
- Waldman, Michael, 2013. "Classic promotion tournaments versus market-based tournaments," International Journal of Industrial Organization, Elsevier, vol. 31(3), pages 198-210.
- Paul Oyer, 2006. "Initial Labor Market Conditions and Long-Term Outcomes for Economists," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 143-160, Summer.
- Krumer, Alex & Lechner, Michael, 2017. "First in first win: Evidence on schedule effects in round-robin tournaments in mega-events," European Economic Review, Elsevier, vol. 100(C), pages 412-427.
- Bernd Frick, 2007. "The Football Players' Labor Market: Empirical Evidence From The Major European Leagues," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(3), pages 422-446, July.
- Jie Gong & Ang Sun & Zhichao Wei, 2018. "Choosing the Pond: On-the-Job Experience and Long-Run Career Outcomes," Management Science, INFORMS, vol. 64(2), pages 860-872, February.
- Alex Bryson & Bernd Frick & Rob Simmons, 2013. "The Returns to Scarce Talent," Journal of Sports Economics, , vol. 14(6), pages 606-628, December.
- Riley,John G., 2012. "Essential Microeconomics," Cambridge Books, Cambridge University Press, number 9780521827478, January.
- Dato, Simon & Grunewald, Andreas & Kräkel, Matthias & Müller, Daniel, 2016. "Asymmetric employer information, promotions, and the wage policy of firms," Games and Economic Behavior, Elsevier, vol. 100(C), pages 273-300.
- Michael Waldman & Ori Zax, 2020. "Promotion Signaling and Human Capital Investments," American Economic Journal: Microeconomics, American Economic Association, vol. 12(1), pages 125-155, February.
- Ghazala Azmat & Marc Möller, 2018.
"The Distribution of Talent Across Contests,"
Economic Journal, Royal Economic Society, vol. 128(609), pages 471-509.
- Ghazala Azmat & Marc Möller, 2012. "The Distribution of Talent across Contests," Working Papers 600, Barcelona Graduate School of Economics.
- Ghazala Azmat & Marc Möller, 2018. "The Distribution of Talent Across Contests," Sciences Po publications info:hdl:2441/2ldopuhqfp8, Sciences Po.
- Ghazala Azmat & Marc Möller, 2012. "The distribution of talent across contests," Economics Working Papers 1298, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2013.
- Ghazala Azmat & Marc Möller, 2016. "The Distribution of Talent across Contests," Working Papers 789, Queen Mary University of London, School of Economics and Finance.
- Michael Bognanno & Eduardo Melero, 2016. "Promotion Signals, Experience, and Education," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 25(1), pages 111-132, March.
- Iqbal, Hamzah & Krumer, Alex, 2019. "Discouragement effect and intermediate prizes in multi-stage contests: Evidence from Davis Cup," European Economic Review, Elsevier, vol. 118(C), pages 364-381.
- Lawrence M. Kahn, 2000. "The Sports Business as a Labor Market Laboratory," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 75-94, Summer.
- Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(3), pages 355-374.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Bar-Eli, Michael & Krumer, Alex & Morgulev, Elia, 2020. "Ask not what economics can do for sports - Ask what sports can do for economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 89(C).
- Ruo SHANGGUAN & Jed DEVARO & OWAN Hideo, 2021. "Enhancing Team Productivity through Shorter Working Hours: Evidence from the Great Recession," Discussion papers 21040, Research Institute of Economy, Trade and Industry (RIETI).
- Roberto Pico-Saltos & David Sabando-Vera & Marcela Yonfa-Medranda & Javier Garzás & Andrés Redchuk, 2022. "Hierarchical Component Model (HCM) of Career Success and the Moderating Effect of Gender, from the Perspective of University Alumni: Multigroup Analysis and Empirical Evidence from Quevedo, Ecuador," Sustainability, MDPI, vol. 15(1), pages 1-25, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Dato, Simon & Grunewald, Andreas & Kräkel, Matthias & Müller, Daniel, 2016. "Asymmetric employer information, promotions, and the wage policy of firms," Games and Economic Behavior, Elsevier, vol. 100(C), pages 273-300.
- Jed DeVaro & Oliver Gürtler, 2020. "Strategic shirking in competitive labor markets: A general model of multi‐task promotion tournaments with employer learning," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(2), pages 335-376, April.
- Ori Zax, 2020. "Human capital acquisition as a competitive response to the promotion distortion," Metroeconomica, Wiley Blackwell, vol. 71(3), pages 496-509, July.
- Dickmanns, Lisa & Gürtler, Marc & Gürtler, Oliver, 2018. "Market-based tournaments: An experimental investigation," Labour Economics, Elsevier, vol. 51(C), pages 294-306.
- Christian Deutscher & Oliver Gürtler & Joachim Prinz & Daniel Weimar, 2017. "The Payoff To Consistency In Performance," Economic Inquiry, Western Economic Association International, vol. 55(2), pages 1091-1103, April.
- Jed DeVaro & Suman Ghosh & Cindy Zoghi, 2018. "Job Characteristics and Labor Market Discrimination in Promotions," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 57(3), pages 389-434, July.
- Chen Cohen & Ori Zax, 2022. "Human capital acquisition as a signaling device in promotion competition," Metroeconomica, Wiley Blackwell, vol. 73(2), pages 550-566, May.
- Spencer Bastani & Thomas Giebe & Oliver Gürtler, 2023.
"Overconfidence and Gender Equality in the Labor Market,"
ECONtribute Discussion Papers Series
220, University of Bonn and University of Cologne, Germany.
- Bastani, Spencer & Giebe, Thomas & Guertler, Oliver, 2024. "Overconfidence and gender gaps in career outcomes: insights from a promotion signaling model," Working Paper Series 2024:21, IFAU - Institute for Evaluation of Labour Market and Education Policy.
- Spencer Bastani & Thomas Giebe & Oliver Gürtler, 2023. "Overconfidence and Gender Equality in the Labor Market," CESifo Working Paper Series 10339, CESifo.
- Oliver Gürtler & Lennart Struth, 2021. "Do Workers Benefit from Wage Transparency Rules?," ECONtribute Discussion Papers Series 105, University of Bonn and University of Cologne, Germany.
- Cassidy, Hugh & DeVaro, Jed & Kauhanen, Antti, 2016. "Promotion signaling, gender, and turnover: New theory and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 126(PA), pages 140-166.
- Marc Gürtler & Oliver Gürtler, 2019.
"Promotion signaling, discrimination, and positive discrimination policies,"
RAND Journal of Economics, RAND Corporation, vol. 50(4), pages 1004-1027, December.
- Gürtler, Oliver, 2015. "Promotion signaling, discrimination, and positive discrimination policies," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113005, Verein für Socialpolitik / German Economic Association.
- David Wettstein & Ori Zax, 2018. "Promotion Policies of Workers who Observe their Ability," Economics Bulletin, AccessEcon, vol. 38(4), pages 2509-2514.
- Waldman, Michael, 2016. "The dual avenues of labor market signaling," Labour Economics, Elsevier, vol. 41(C), pages 120-134.
- Ekinci, Emre, 2022. "Employee entrepreneurship and signaling role of corporate venturing decisions," Labour Economics, Elsevier, vol. 79(C).
- Simon Dato & Andreas Grunewald & Matthias Kräkel, 2021. "Worker visibility and firms' retention policies," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(1), pages 168-202, February.
- Jin, Xin, 2014. "The Signaling Role of Note Being Promoted: Theory and Evidence," MPRA Paper 58484, University Library of Munich, Germany.
- Vincenzo Carrieri & Francesco Principe & Michele Raitano, 2018. "What makes you ‘super-rich’? New evidence from an analysis of football players’ wages," Oxford Economic Papers, Oxford University Press, vol. 70(4), pages 950-973.
- Jed DeVaro & Michael Waldman, 2012.
"The Signaling Role of Promotions: Further Theory and Empirical Evidence,"
Journal of Labor Economics, University of Chicago Press, vol. 30(1), pages 91-147.
- DeVaro, Jed & Waldman, Michael, 2006. "The signaling role of promotions: Further theory and empirical evidence," MPRA Paper 1550, University Library of Munich, Germany.
- Michael Waldman, 2012.
"Theory and Evidence in Internal LaborMarkets [The Handbook of Organizational Economics],"
Introductory Chapters,,
Princeton University Press.
- Waldman, Michael, 2007. "Theory and evidence in internal labor markets," MPRA Paper 5113, University Library of Munich, Germany.
- Anil Özdemir & Helmut Dietl & Giambattista Rossi & Rob Simmons, 2022. "Are workers rewarded for inconsistent performance?," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 61(2), pages 137-151, April.
More about this item
Keywords
Firm choice; Big and small pond; Career; Self-selection; Signaling; Learning;All these keywords.
JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
- M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:eecrev:v:127:y:2020:i:c:s0014292120301021. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eer .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.