This paper examines the portability of star security analysts’ performance. Analysis from a panel data set of research analysts in investment banks over 1988-1996 reveals that star analysts who switch employers show an immediate decline in performance, which persists for at least five years....

In this paper we assess the determinants of care quality in a health maintenance organization. Our research relies on a novel source of information on care quality, the “errors” detected by an artificial intelligence program that scans a patient’s medical records for deviations from best...

What determines the internal organization of law firms? Using previously unused census data, we study the production function of law and the way partnerships structure this production. This paper reports findings on the leverage ratios, on the extent of individual specialization, and on the...

In this paper, we use quantile regression methods to analyze the gender gap in the Netherlands. Specifically, we use data from the 1992 wave of the OSA Labour Survey Panel to decompose the difference between the distributions of wages for males and females who are employed full-time. The...

In employment agreements, alternatives arise over time for either party that threaten the survival of the particular match between the worker and the firm. This paper focuses on one side of this issue, namely the optimal response by an employer to a threatened unilateral termination of an...