Using a novel theoretical framework for a model economy with "career" and "non-career" jobs, this study investigates the effects on the labor market when the paymentstructure is according to rank which divides the workers into different classes basedon merit, with higher reward per unit of...

Labor market institutions shape the return to workers’ skills. They define the incentives of firms and workers to invest in general and specific skills, affecting the returns to experience and tenure. This paper presents an empirical assessment of this hypothesis. We take advantage of rich...

We propose a two-period matching model of firms and managers to argue that managerial career concerns may not guarantee assortative matching in the market for reputation. In the model, firms compete for managerial talent, and managers are concerned about their reputations. The market updates...

This is the first study to analyze effects of in utero exposure to the severe Dutch Hunger Winter famine (1944/45) on labor market outcomes and hospitalization. This famine is clearly demarcated in time and space. It was not anticipated. Nutritional conditions were stable before and after the...

The Dutch Hunger Winter (1944/45) is the most-studied famine in the literature on long-run effects of malnutrition in utero. Its temporal and spatial dermacations are clear, it was severe, it was anticipated, and nutritional conditions in society were favorable and stable before and after the...

The Dutch Hunger Winter (1944/45) is the most-studied famine in the literature on long-run effects of malnutrition in utero. Its temporal and spatial demarcations are clear, it was severe, it was not anticipated, and nutritional conditions in society were favorable and stable before and after...

The Dutch Hunger Winter (1944/45) is the most-studied famine in the literature on long-run effects of malnutrition in utero. Its temporal and spatial dermacations are clear, it was severe, it was anticipated, and nutritional conditions in society were favorable and stable before and after the...

The Dutch Hunger Winter (1944/45) is the most-studied famine in the literature on long-run effects of malnutrition in utero. Its temporal and spatial demarcations are clear, it was severe, it was not anticipated, and nutritional conditions in society were favorable and stable before and after...

How do people react to setbacks and successes? I introduce a new measure of challenge-seeking to determine the effect of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment compete in two-person tournaments and are then informed of...