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SSRN Electronic Journal
Article . 2006 . Peer-reviewed
Data sources: Crossref
EconStor
Research . 2005
Data sources: EconStor
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Career Concerns and Optimal Disclosure Policy

Authors: Mukherjee, Arijit;

Career Concerns and Optimal Disclosure Policy

Abstract

When a worker is raided, his initial employer is often better informed about his quality than the raiders. If the worker has career concerns and matching influence productivity, the initial employer can strategically disclose this information to influence incentives and matching efficiency. If the initial employer can use long-term complete contracts, perfect competition in the raider market ensures full disclosure. In contrast, an optimal short-term contract induces full disclosure if i) worker is risk neutral, ii) worker does not face any liquidity constraints, and iii) raider market is perfectly competitive. By relaxing any of the above conditions, one can find situations where full disclosure is no longer optimal.

Keywords

ddc:330

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    7
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
7
Average
Average
Top 10%
bronze