Zusammenfassung
We examine what an applicant’s vita signals to potential employers about her willingness to cooperate in teams. Intensive social engagement may credibly reveal that an applicant cares about the well-being of others and therefore is less likely to free-ride in teamwork situations. We find that contributions in a public goods game strongly increase in a subject’s degree of social engagement as indicated on her résumé (and rated by an independent third party). Engagement in other domains, such as student or sports associations, is not positively correlated with contributions. In a prediction experiment with human resource managers from various industries, we find that managers use résumé content effectively to predict relative differences in subjects’ willingness to cooperate. Thus, young professionals signal important behavioral characteristics to potential employers through the choice of their extracurricular activities.
Schlagworte
signaling, public goods, labor markets, extracurricular activities
Thema
Monetary Policy Corporate Finance Investor Behaviour
Beziehungen
Forschungsdaten
JEL-Klassifizierung
Forschungsbereich
Thema
CentERdata Signaling Cooperation Inflation Expectations and Choices of Households Depressed Demand C72 C92 D82 A Repeated Principal-Agent Model with On-the-Job Search The Forward-looking Disclosures of Corporate Managers: Theory and Evidence Motivated Beliefs and the Elderly's Compliance with COVID-19 Measures Corporate Finance Incentive-Based Capital Requirements Interbank Networks and Backdoor Bailouts: Benefiting from other Banks' Government Guarantees Insight Private Equity Performance Benefits of Tight Control Direct and Indirect Risk-Taking Incentives of Inside Debt Corporate Groups Peer Effects and Risk Sharing in Experimental Asset Markets The Influence of Leveraged Buyouts on Target Firms’ Competitors Taking the Lead: When Non-Banks Arrange Syndicated Loans On the Impact of Leveraged Buyouts on Bank Systemic Risk Non-Mandatory Say on Pay Votes and AGM Participation: Evidence from Germany Compensation Schemes, Liquidity Provision, and Asset Prices: An Experimental Analysis Entrepreneurial Spawning: Experience, Education, and Exit The Old Boy Network: The Impact of Professional Networks on Remuneration in Top Executive Jobs Does Say on Pay Matter? Evidence from Germany Coinvestment and risk taking in private equity funds Competition in Treasury Auctions Rent-Seeking in Elite Networks The Political Economy of Bank Bailouts Reputation, Honesty, and Cheating in Informal Milk Markets in India Governance in Entrepreneurial Ecosystems: Venture Capitalists vs. Technology Parks Freedom of Contract and Financial Stability through the lens of the Legal Theory of Finance The Financing Dynamics of Newly Founded Firms Shareholder Wealth vs. Stakeholder interests? Evidence from Code Compliance under the German Corporate Governance Code Abandon Ship: Deferred Compensation and Risk-Taking Incentives in Bad Times The Effect of Personal Financing Disruptions on Entrepreneurship Women form social networks more selectively and less opportunistically than men Financial Constraints, Newly Founded Firms and the Financial Crisis The Real Effects of Judicial Enforcement Regulation of Crowdfunding in Germany Germany's Reluctance to Regulate Related Party Transactions Effects of Government Spending on Employment: Evidence from Winners and Runners-up in Procurement Auctions Only Time will Tell: A Theory of Deferred Compensation Local Peer Effects and Corporate Investment Financial Constraints and Corporate EnvironmentalResponsibility Monetary Policy and the Cost of Wage Rigidity: Evidence from the Stock Market Professional Networks and their Coevolution with Executive Careers: Evidence from Europe and North America High-Frequency Trading and Price Informativeness Topic - Monetary Policy Incentives, self-selection, and coordination of motivated agents for the production of social goods Discount rates, debt maturity, and the fiscal theory How Special Are They? – Targeting Systemic Risk by Regulating Shadow Banking Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods A Life-Cycle Model with Ambiguous Survival Beliefs Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms The Output Effect of Fiscal Consolidation Plans Back to the Future: A Sovereign Debt Standstill Mechanism IMF Article VIII, Section 2 (b) Bank Networks: Contagion, Systemic Risk and Prudential Policy Housing Habits and Their Implications for Life-Cycle Consumption and Investment Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities Saving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies Mortgage Supply and the US Housing Boom: The Role of the Community Reinvestment Act Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation Asset Pricing in OLG Economies With Borrowing Constraints and Idiosyncratic Income Risk Liquidity Provider Incentives in Fragmented Securities Markets Taming Models of Prospect Theory in the Wild? Estimation of Vlcek and Hens (2011) The Economic Consequences of Algorithmic Discrimination: Theory and Empirical Evidence Cross-Border Resolution of Global Banks The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy Austerity International Endogenous Growth, Macro Anomalies, and Asset Prices Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum Fiscal Stimulus and Labor Market Flexibility Technology Trade with Asymmetric Tax Regimes and Heterogeneous Labor Markets: Implications for Macro Quantities and Asset Prices Optimal Carbon Abatement in a Stochastic Equilibrium Model with Climate Change Explaining Intra-Monthly Consumption Patterns: The Timing of Income or the Timing of Consumption Commitments? Asymmetric Social Norms Euro Membership and Fiscal Reaction Functions Monetary Policy and Risk Taking When Do Jumps Matter for Portfolio Optimization? Trust in the Monetary Authority Revisiting the Narrative Approach of Estimating Tax Multipliers Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence Stochastic Differential Utility as the Continuous-Time Limit of Recursive Utility The Dynamics of Crises and the Equity Premium Too Interconnected to Fail: A Survey of the Interbank Networks Literature Consumption Habits and Humps The Long-Term Distributional and Welfare Effects of Covid-19 School Closures Informal Sector and Economic Development: The Credit Supply Channel Temperature Shocks and Welfare Costs A Decentralization Theorem of Taxation Financing Costs and the Efficiency of Public-Private Partnerships Recapitalization, Bailout, and Long-run Welfare in a Dynamic Model of Banking Optimal Policy and Taylor Rule Cross-Checking Under Parameter Uncertainty The Impact of Biases in Survival Beliefs on Savings Behavior When Should Retirees Tap Their Home Equity? Who Invests in Home Equity to Exempt Wealth from Bankruptcy? Innovation Dynamics and Fiscal Policy: Implications for Growth, Asset Prices, and Welfare On the Optimal Provision of Social Insurance Risk Taking, Preferences, and Beliefs: Evidence from Wuhan Older People’s Willingness to Delay Social Security Claiming Credit Cycles: Experimental Evidence Partial Information about Contagion Risk, Self-Exciting Processes and Portfolio Optimization Asset Market Participation and Portfolio Choice Over the Life-Cycle Game-Theoretic Foundations of Monetary Equilibrium Remarks on the German Regulation of Crowdfunding Belief Formation and Belief Updating under Ambiguity: Evidence from Experiments The Impact of Temporal Framing on the Marginal Propensity to Consume Interbank Funding as Insurance Mechanism for (Persistent) Liquidity Shocks Smoking Hot Portfolios? Self-Control and Investor Decisions Aggregate and Distributional Effects of Increasing Taxes on Top Income Earners Life Insurance Demand under Health Shock Risk Heterogeneity in the Internationalization of R&D: Implications for Anomalies in Finance and Macroeconomics Asset Prices in General Equilibrium with Recursive Utility and Illiquidity Induced by Transactions Costs Consumption-Portfolio Choice with Preferences for Cash Leaning Against the Wind: Debt Financing in the Face of Adversity On the Distributive Effects of Inflation Two Monetary Models with Alternating Markets Are Tax Havens Good? Implications of the Crackdown on Secrecy On Deficits and Symmetries in a Fiscal Capacity Separating the Effects of Beliefs and Attitudes on Pricing under Ambiguity Optimists and Pessimists in (In)Complete Markets Job Loss Expectations, Durable Consumption and Household Finances: Evidence from Linked Survey Data Critical Illness Insurance in Life Cycle Portfolio Problems Liquidity Coinsurance and Bank Capital Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk Time Preferences over the Life Cycle Implications of Money-Back Guarantees for Individual Retirement Accounts: Protection Then and Now The Impact of Job Referrals on Employment Outcomes in Top Corporate Positions An Experiment on Retail Payments Systems The Intended and Unintended Consequences of Financial-Market Regulations: A General Equilibrium Analysis How Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education Consumption and Wage Humps in a Life-Cycle Model with Education Consumption-Investment Problems with Stochastic Mortality Risk Investment-Specific Shocks, Business Cycles, and Asset Prices Mental Accounting in a Business Cycle Model The Macroeconomic Effects of Asset Purchases Revisited Optimal Consumption and Portfolio Choice with Loss Aversion Preference Evolution and the Dynamics of Capital Markets Rigid Wages and Contracts: Time- versus State-Dependent Wages in the Netherlands Higher-Order Income Risk over the Business Cycle: A Parametric Approach Risk Pooling, Leverage, and the Business Cycle Measuring Ambiguity Aversion: A Systematic Experimental Approach Vertical Fiscal Imbalances and the Accumulation of Government Debt Bargaining with a Bank Secular Stagnation? Growth, Asset Returns and Welfare in the Next Decades: First Results Volatility-of-Volatility Risk Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security Pro-rich Inflation in Europe: Implications for the Measurement of Inequality Predictors and Portfolios Over the Life Cycle Topic - Corporate Finance The carrot and the stick: Bank bailouts and the disciplining role of board appointments The role of disclosure in green finance The salience of ESG ratings for stock pricing: Evidence from (potentially) confused investors The Value of Firm Networks: A Natural Experiment on Board Connections Pricing Sin Stocks: Ethical Preference vs. Risk Aversion Client Involvement in Expert Advice: Antibiotics in Finance? The Limits of Model-Based Regulation How did we do? The Impact of Relative Performance Feedback on Intergroup Hostilities Inside the ESG Ratings: (Dis)agreement and Performance Whatever it Takes: The Real Effects of Unconventional Monetary Policy The COVID-19 Shock and Equity Shortfall: Firm-Level Evidence from Ital Liquidity provision: Normal times vs Crashes Estimation and Model-Based Combination of Causality Networks Hidden Gems and Borrowers with Dirty Little Secrets: Investment in Soft Information, Borrower Self-selection and Competition The Impact of Network Connectivity on Factor Exposures, Asset Pricing and Portfolio Diversification Does Exchange of Information between Tax Authorities Influence Multinationals’ Use of Tax Havens? Bank Response To Higher Capital Requirements: Evidence From A Quasi-Natural Experiment Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios Growth Options and Firm Valuation Systemic Risk in the Financial Sector: What Can We Learn from Option Markets? The Power of ESG Ratings on Stock Markets Financing Conditions and Toxic Emissions The Long-Run Real Effects of Banking Crises: Firm-Level Investment Dynamics and the Role of Wage Rigidity What Drives Banks' Geographic Expansion? The Role of Locally Non-Diversifiable Risk High-Frequency Trading and Price Informativeness Can Firms see into the Future? Survey evidence from Germany Collateral Eligibility of Corporate Debt in the Eurosystem The Collateralizability Premium The Value of Firm Networks: A Natural Experiment on Board Connections Horizontal Industry Relationships and Return Predictability The Trading Response of Individual Investors to Local Bankruptcies P2P Lending versus Banks: Cream Skimming or Bottom Fishing? Low-Latency Trading and Price Discovery: Evidence from the Tokyo Stock Exchange in the Pre-Opening and Opening Periods Financial Incentives and Loan Officer Behavior: Multitasking and Allocation of Effort Under an Incomplete Contract Financial Regulation in the EU – Cross-Border Capital Flows, Systemic Risk and the European Banking Union as Reference Points for EU Financial Market Integration Mirror, Mirror on the Wall: Machine Predictions and Self-Fulfilling Prophecies Topic - Investor Behaviour Expl(AI)ned: The impact of explainable artificial intelligence on cognitive processes Quantifying Inertia in Retail Deposit Markets Financial education, literacy and investment attitudes Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach On the (ir)relevance of monetary incentives in risk preference elicitation experiments On the Applicability of Maximum Likelihood Methods: From Experimental to Financial Data Does sophistication affect long-term return expectations? Evidence from financial advisers' exam scores Macroprudential Policy in the Lab Smoking Hot Portfolios? Self-Control and Investor Decisions Ambiguity and Investor Behavior Smart (Phone) Investing? A Within Investor-Time Analysis of New Technologies and Trading Behavior The Disposition Effect in Boom and Bust Markets Biases in Information Selection and Processing: Survey Evidence from the Pandemic Cognition, Optimism and the Formation of Age-Dependent Survival Beliefs Anchoring in Experimental Asset Markets Incompatible European Partners? Cultural Predispositions and Household Financial Behavior Pushing Through or Slacking Off? Heterogeneity in the Reaction to Rank Feedback
Download Working Papers Metadaten