DeVaro, Jed, Guertler, Oliver, Guertler, Marc and Deutscher, Christian . Big Fish in Small (and Big) Ponds A Study of Careers. J. Law Econ. Organ.. CARY: OXFORD UNIV PRESS INC. ISSN 1465-7341
Full text not available from this repository.Abstract
Talented, ambitious workers (big fish) often join highly competitive organizations (big ponds), though they sometimes instead choose less competitive organizations (small ponds) offering brighter promotion prospects. Big fish exist in both types of organizations, though average worker ability is higher in big ponds. Top executives enjoy higher wages in big ponds. Choosing a big pond allows workers to signal high ability. Workers sometimes overestimate or underestimate their abilities, choosing the wrong pond. Big ponds tend to be larger in total employment. All of the preceding phenomena are shown to be consistent with equilibrium in a new theoretical model of careers. (JEL J24, M53)
Item Type: | Journal Article | ||||||||||||||||||||
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URN: | urn:nbn:de:hbz:38-674179 | ||||||||||||||||||||
DOI: | 10.1093/jleo/ewac006 | ||||||||||||||||||||
Journal or Publication Title: | J. Law Econ. Organ. | ||||||||||||||||||||
Publisher: | OXFORD UNIV PRESS INC | ||||||||||||||||||||
Place of Publication: | CARY | ||||||||||||||||||||
ISSN: | 1465-7341 | ||||||||||||||||||||
Language: | English | ||||||||||||||||||||
Faculty: | Unspecified | ||||||||||||||||||||
Divisions: | Unspecified | ||||||||||||||||||||
Subjects: | no entry | ||||||||||||||||||||
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URI: | http://kups.ub.uni-koeln.de/id/eprint/67417 |
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