Deutscher, Christian, Guertler, Marc, Guertler, Oliver and DeVaro, Jed (2020). Firm choice and career success - theory and evidence. Eur. Econ. Rev., 127. AMSTERDAM: ELSEVIER. ISSN 1873-572X

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Abstract

We investigate how the decision of workers to join a specific type of firm affects their future career opportunities. Workers can either join a very competitive firm (big pond) or a less competitive one (small pond). In a big pond, it is more difficult to advance, but the potential rewards are higher. We determine a separating equilibrium in which only workers who are confident in their ability join big ponds, implying that the average abilities of new entrants are higher in big ponds than in small ponds. In an empirical analysis with data from professional soccer, we support all the implications from our theoretical model. (C) 2020 Elsevier B.V. All rights reserved.

Item Type: Journal Article
Creators:
CreatorsEmailORCIDORCID Put Code
Deutscher, ChristianUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Guertler, MarcUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Guertler, OliverUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
DeVaro, JedUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
URN: urn:nbn:de:hbz:38-325178
DOI: 10.1016/j.euroecorev.2020.103470
Journal or Publication Title: Eur. Econ. Rev.
Volume: 127
Date: 2020
Publisher: ELSEVIER
Place of Publication: AMSTERDAM
ISSN: 1873-572X
Language: English
Faculty: Unspecified
Divisions: Unspecified
Subjects: no entry
Uncontrolled Keywords:
KeywordsLanguage
LABOR-MARKET; TOURNAMENTS; RISK; INCENTIVES; EXPERIENCE; PROMOTIONSMultiple languages
EconomicsMultiple languages
URI: http://kups.ub.uni-koeln.de/id/eprint/32517

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