Ep 12 Corporations as Job Security Providers
发布时间 2022-09-21 22:05:51 来源
摘要
Corporations are often characterized as evil entities that exploit workers. But in fact, as hosts of this podcast share, they enable firms to provide job security and thus serve the important role of minimizing risk for individual employees. In this episode of All Else Equal: Making Better Decisions, finance professors Jonathan Berk and Jules van Binsbergen explore how corporations set employees’ wages based on their job performance, while still providing job security by comparing it to an insurance contract. “You could think of corporations as entities that insure workers,” says Berk.
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