The Making of an Investment Banker: Stock Market Shocks, Career Choice, and Lifetime Income

By Paul D. Oyer. 2008

266 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/23689282207b239c1b6e682a7b09b01fd9cd445f

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Citations in the corpus

Unlucky Cohorts: Estimating the Long-Term Effects of Entering the Labor Market in a Recession in Large Cross-Sectional Data Sets (2018, background): “Oyer (2006, 2008) presents evidence on the persistent effect on career choice for MBAs and PhD economists.”
Generalists versus specialists: Lifetime work experience and chief executive officer pay (2013, background): “Oyer (2008) show that the labor market consequences of completing an MBA in a bad economy are negative and persistent, and Schoar and Zuo (2011) show that economic conditions at the beginning of a managers’ career have lasting effects on his career path.”
Yesterday's Heroes: Compensation and Risk at Financial Firms (2015, unknown): “There is plenty of anecdotal evidence that agents work hard at risky firms; investment-banking jobs in particular have a reputation for long hours and difficult work conditions (Oyer, 2008).”
Who Wears the Pants? Gender Identity Norms and Intrahousehold Financial Decision‐Making (2017, unknown): “These patterns have been well documented in the literature (Oyer, 2008; Kaplan and Rauh, 2010; Philippon and Reshef, 2012).”
Is finance responsible for the rise in wage inequality in France (2012, background): “managers ‘are largely “made” by circumstance rather than “born” to work on Wall Street’ (Oyer, 2008).”
Female leadership and gender equity: Evidence from plant closure (2015, background): “…Tom Chang, David Hirshleifer, Matt Kahn, Adriana Lleras-Muney, Antoinette Schoar, Ebonya Washington, and seminar participants at the University of California at Irvine, the University of North Carolina, the 2011 National Bureau of Economic Research Political Economy Program Meeting, the 2011…”
Formative Experiences and Portfolio Choice: Evidence from the Finnish Great Depression (2017, unknown): “…studies the impact of labor market conditions on long-run earnings and unemployment (e.g., Couch and Placzek (2010), Davis and von Wachter (2011), Jacobson, LaLonde, and Sullivan (1993), Kahn (2010), Oreopoulos, von Wachter, and Heisz (2012), Oyer (2008), von Wachter, Song, and Manchester (2009)).”
Value versus growth investing: Why do different investors have different styles? (2015, unknown): “Also, as the number of studies related to finance that support life course theory continues to increase (e.g., Oyer (2008), Malmendier and Nagel (2011), and Schoar and Zuo (2013)), another next step for researchers is to uncover the specific mechanisms than explain 25…”
Firm Market Power and the Earnings Distribution (2015, background): “A number of studies (Oyer, 2006, 2008; Genda and Kondo, 2010; Kahn, 2010) nd persistent and negative wage e ects from entering the labor market in a bad economy, lasting for at least 20 years.”
The Executive Turnover Risk Premium (2014, methodology): “Using a Probit or Logit model instead can harm consistency of the second-stage estimates and complicates the computation of standard errors (see Bennedsen, Nielsen, Perez-Gonzalez, and Wolfenzon (2007) and Oyer (2008) for applications).”
CEO Tenure and Earnings Management (2015, unknown): “As noted before, Pan et al. (2013) document that firms disinvest early in a CEO's tenure and increase investment subsequently.”
The Persistent Effects of Initial Labor Market Conditions for Young Adults and Their Sources (2020, background): “15 Less information on occupational choice is available for lower educated workers.4 Oyer (2006, 2008) studied the occupational choices of two groups of high-skilled graduates: Stanford MBAs and PhD economists.”
Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies (2011, background): “Similarly, Oyer (2008) finds that stock market shocks while MBA students are in school have long-lasting career impacts.”
Heterogeneous Class Size Effects: New Evidence from a Panel of University Students (2010, background): “…research between the microeconomic literature this paper contributes to on the organisation of universities, and the hitherto separate macroeconomic literature on the effects of adverse economic conditions at the time of labour market entry over the life cycle [Gibbons and Waldman 2004, Oyer 2008].”