Reputation and Earnings Dynamics

52 Pages Posted: 9 Nov 2020 Last revised: 9 Apr 2021

See all articles by Boyan Jovanovic

Boyan Jovanovic

New York University - Department of Economics

julien prat

affiliation not provided to SSRN

Date Written: November 2020


Cyclical patterns in earnings can arise when contracts between firms and their workers are incomplete, and when workers cannot borrow or lend so as to smooth their consumption. Effort cycles generate occasional large changes in earnings. These large changes are transitory, consistent with recent empirical findings.

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Suggested Citation

Jovanovic, Boyan and prat, julien, Reputation and Earnings Dynamics (November 2020). NBER Working Paper No. w28052, Available at SSRN:

Boyan Jovanovic (Contact Author)

New York University - Department of Economics ( email )

19 w 4 st.
New York, NY 10012
United States

Julien Prat

affiliation not provided to SSRN

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