Firm choice and career success - theory and evidence

被引：7
|
作者：
Deutscher, Christian [1 ]
Guertler, Marc [2 ]
Guertler, Oliver [3 ]
DeVaro, Jed [4 ,5 ]
机构：
[1] Bielefeld Univ, Dept Sport Sci, Univ Str 25, D-33615 Bielefeld, Germany
[2] Braunschweig Inst Technol, Dept Econ, Abt Jerusalem Str 7, D-38106 Braunschweig, Germany
[3] Univ Cologne, Dept Econ, Albertus Magnus Pl, D-50923 Cologne, Germany
[4] Calif State Univ Hayward, Coll Business & Econ, Dept Management, 25800 Carlos Bee Blvd, Hayward, CA 94542 USA
[5] Calif State Univ Hayward, Coll Business & Econ, Dept Econ, 25800 Carlos Bee Blvd, Hayward, CA 94542 USA
来源：
EUROPEAN ECONOMIC REVIEW | 2020年 / 127卷
关键词：
Firm choice; Big and small pond; Career; Self-selection; Signaling; Learning; LABOR-MARKET; TOURNAMENTS; RISK; INCENTIVES; EXPERIENCE; PROMOTIONS;
D O I：
10.1016/j.euroecorev.2020.103470
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
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页数：21
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