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• W2308872260 abstract "We build a tractable assignment model to characterize the matching and separation patterns of CEOs and their employers. Managers learn about their own type by observing a sequence of public signals. Each period, the sorting of firms and managers is ex ante perfectly assortative, but is generally not so ex post. We calibrate the model to match empirical targets from a large matched employer-employee dataset covering the Danish labor force between 2000 and 2009. We exploit the non-monotonicity of executive compensation in the employer type to parameterize the model, among them the degree of complementarity between the characteristics of the manager and those associated with the firm in the production function. The results fill an important gap in the literature on the aggregate effects of mismatch and our theory is a natural building block toward a dynamic theory of entrepreneurship." @default.
• W2308872260 created "2016-06-24" @default.
• W2308872260 creator A5038721797 @default.
• W2308872260 creator A5038833550 @default.
• W2308872260 date "2014-01-01" @default.
• W2308872260 modified "2023-09-27" @default.
• W2308872260 title "A Tale of Two C(. . . )s: Competence and Complementarity" @default.
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• W2308872260 hasPublicationYear "2014" @default.
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