Firm choice and career success - theory and evidence

Deutscher C, Guertler M, Guertler O, DeVaro J (2020)
EUROPEAN ECONOMIC REVIEW 127: 103470.

Zeitschriftenaufsatz | E-Veröff. vor dem Druck | Englisch
 
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Autor*in
Deutscher, ChristianUniBi ; Guertler, Marc; Guertler, Oliver; DeVaro, Jed
Abstract / Bemerkung
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.
Stichworte
Firm choice; Big and small pond; Career; Self-selection; Signaling; Learning
Erscheinungsjahr
2020
Zeitschriftentitel
EUROPEAN ECONOMIC REVIEW
Band
127
Art.-Nr.
103470
ISSN
0014-2921
eISSN
1873-572X
Page URI
https://pub.uni-bielefeld.de/record/2945440

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Deutscher C, Guertler M, Guertler O, DeVaro J. Firm choice and career success - theory and evidence. EUROPEAN ECONOMIC REVIEW. 2020;127: 103470.
Deutscher, C., Guertler, M., Guertler, O., & DeVaro, J. (2020). Firm choice and career success - theory and evidence. EUROPEAN ECONOMIC REVIEW, 127, 103470. doi:10.1016/j.euroecorev.2020.103470
Deutscher, C., Guertler, M., Guertler, O., and DeVaro, J. (2020). Firm choice and career success - theory and evidence. EUROPEAN ECONOMIC REVIEW 127:103470.
Deutscher, C., et al., 2020. Firm choice and career success - theory and evidence. EUROPEAN ECONOMIC REVIEW, 127: 103470.
C. Deutscher, et al., “Firm choice and career success - theory and evidence”, EUROPEAN ECONOMIC REVIEW, vol. 127, 2020, : 103470.
Deutscher, C., Guertler, M., Guertler, O., DeVaro, J.: Firm choice and career success - theory and evidence. EUROPEAN ECONOMIC REVIEW. 127, : 103470 (2020).
Deutscher, Christian, Guertler, Marc, Guertler, Oliver, and DeVaro, Jed. “Firm choice and career success - theory and evidence”. EUROPEAN ECONOMIC REVIEW 127 (2020): 103470.