Browsing Centers, Institutes, Programs by Author "Waldman, Michael"

Now showing items 1-5 of 5

    • Classic Promotion Tournaments Versus Market-Based Tournaments 

      Waldman, Michael (2011-05-01)
      As initially formulated in the seminal analysis of Lazear and Rosen (1981), an important perspective for understanding the role of promotions in firms is the tournament perspective. That is, a promotion and, in particular, ...

    • Performance, Career Dynamics, and Span of Control 

      Smeets, Valerie; Waldman, Michael; Warzynski, Frederic (2013-01-01)
      There is an extensive theoretical literature based on what is called the scale-of-operations effect, i.e., the idea that the return to managerial ability is higher the more resources the manager influences with his or her ...

    • Standard Promotion Practices versus Up-or-Out Contracts (CRI 2009-001) 

      Ghosh, Suman; Waldman, Michael (2009-09-01)
      In most firms a worker in any period is either promoted, left in the same job, or fired (demotions are typically rare), and there is no specific date by which a promotion needs to occur. In other employment situations, ...

    • The Signaling Role of Promotions: Further Theory and Empirical Evidence (CRI 2009-008) 

      DeVaro, Jed; Waldman, Michael (2009-06-01)
      An extensive theoretical literature investigates the role of promotions as a signal of worker ability. In this paper we extend the theory by focusing on how the signaling role of promotion varies with a worker’s education ...

    • Theory and Evidence in Internal Labor Markets (CRI 2009-013) 

      Waldman, Michael (2008-05-01)
      A number of branches of the literature on internal labor markets have matured to the point that there is now a healthy two-way interaction between theory and empirical work. In this survey I consider two of these branches: ...