We study option management by committee. Analysis is illustrated by tenure decisions. Our innovations are two-fold: we …: rejecting a candidate at either the probationary or tenure stage return the committee to a candidate pool. For committees with N …. A patient or perceptive committee does best with a (weak) majority at the hiring stage and unanimity at the tenure stage …

unique data set on enterprise employment. We describe sectoral difference in turnover rates and in the persistence of … turnover. We also present evidence of persistent turnover differends at the level of individual firms--a result that is … turnover, we discover that high turnover firms are less likely to survive. …

trading turnover as a measure of liquidity and the 1976-1993 Tokyo Stock Exchange data, I find that, cross-sectionally, stocks … with higher turnover tend to have a lower expected return. This evidence is consistent with predictions derived from an … Amihud-Mendelson type of transaction cost model in which the turnover measures investors’ trading frequency. The trading …

In this paper, I examine the impact of employer-provided health benefits on job turnover. Because many employer … portability of health plans. The estimates suggest that spouse-provided benefits substantially increase the likelihood of turnover. …