Big Fish in Small (and Big) Ponds A Study of Careers

DeVaro J, Guertler O, Guertler M, Deutscher C (2022)
Journal of Law, Economics, and Organization.

Zeitschriftenaufsatz | E-Veröff. vor dem Druck | Englisch
 
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Autor*in
DeVaro, Jed; Guertler, Oliver; Guertler, Marc; Deutscher, ChristianUniBi
Abstract / Bemerkung
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)
Erscheinungsjahr
2022
Zeitschriftentitel
Journal of Law, Economics, and Organization
ISSN
8756-6222
eISSN
1465-7341
Page URI
https://pub.uni-bielefeld.de/record/2964042

Zitieren

DeVaro J, Guertler O, Guertler M, Deutscher C. Big Fish in Small (and Big) Ponds A Study of Careers. Journal of Law, Economics, and Organization. 2022.
DeVaro, J., Guertler, O., Guertler, M., & Deutscher, C. (2022). Big Fish in Small (and Big) Ponds A Study of Careers. Journal of Law, Economics, and Organization. https://doi.org/10.1093/jleo/ewac006
DeVaro, J., Guertler, O., Guertler, M., and Deutscher, C. (2022). Big Fish in Small (and Big) Ponds A Study of Careers. Journal of Law, Economics, and Organization.
DeVaro, J., et al., 2022. Big Fish in Small (and Big) Ponds A Study of Careers. Journal of Law, Economics, and Organization.
J. DeVaro, et al., “Big Fish in Small (and Big) Ponds A Study of Careers”, Journal of Law, Economics, and Organization, 2022.
DeVaro, J., Guertler, O., Guertler, M., Deutscher, C.: Big Fish in Small (and Big) Ponds A Study of Careers. Journal of Law, Economics, and Organization. (2022).
DeVaro, Jed, Guertler, Oliver, Guertler, Marc, and Deutscher, Christian. “Big Fish in Small (and Big) Ponds A Study of Careers”. Journal of Law, Economics, and Organization (2022).

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