27 min listen
Ep12 "Corporations as Job Security Providers"
Ep12 "Corporations as Job Security Providers"
ratings:
Length:
20 minutes
Released:
Sep 21, 2022
Format:
Podcast episode
Description
Corporations are often characterized as evil entities that exploit workers. But in fact 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, hosts and 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. “I think, in fact, you could think of corporations as entities that insure workers,” says Jonathan Berk.Also in this episode, Jonathan and Jules talk about bankruptcy, house fires, and why your supervisor hasn’t fired that one annoying coworker who doesn’t do anything.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Sep 21, 2022
Format:
Podcast episode
Titles in the series (49)
Episode 6 with Larry Summers, "Can (and Should) Corporations Be Taxed?" by All Else Equal: Making Better Decisions