Lamont director quits

Lamont geological observatory.

The dynamics of promotions, quits and layoffs

Which manager should a firm promote to CEO? How do the attributes of a managerial workforce affect firms’ placement decisions and wage offers, and managers’ quit decisions? The existing literature offers trivial answers to this nuanced question. In one class of models, placement decisions are determined on an individual-by-individual basis, so that promotion of one worker does not crowd out ano...

Layoffs and Quits in Repeated Games

This paper studies games in which the players are not locked into their relationship for a fixed number of periods. We consider two-player games where player 1 can decide to let the opponent continue in the game or replace it with a new player. We also allow the possibility of player 2 quitting the game. When only layoffs can occur, cooperation takes place in finite horizons due to the threat t...

Repeated Job Quits: Stepping Stones or Learning about Quality?

Repeated Job Quits: Stepping Stones or Learning about Quality? Despite the fact that worker quits are often associated with wage gains and higher overall job satisfaction, many workers quit once again within one or two years after changing jobs initially. Such repeated job quit behavior may arise as a stepping stone to better quality jobs (Burdett, 1978) or as a response to unexpectedly low job...

Deputy Director