This paper examines how labor mobility restrictions such as non-compete clauses in employment contracts affect the incentives and resulting behavior of employees. Using the investment industry as a testing laboratory, we find that mutual fund managers respond to heightened career concerns due to...

How do noncompete agreements between workers and firms affect wages and employment in equilibrium? We build a tractable framework of wage posting with on-the-job search and large employers that provides a natural laboratory to assess anti-competitive practices in the labor market. We...

The enforcement of trade secrets in South Korea is suboptimal and this might have a negative impact on the development of the South Korean “knowledge economy”. This can be evidenced not only by the high number of trade secret misappropriations suits filed, but also by the foreign IP...