Dr. Van Wesep's research is both theoretical and empirical, with an emphasis on financial compensation, primarily of rank-and-file employees. His past research has concerned the use of signing bonuses, periodic bonuses, severance pay, incentive pay, stock options, tenure, and pay timing as motivation, retention, and screening devices. His current work concerns the magnification of biases in executive hiring and the effect of all-in behavior on asset price bubbles. Recent and forthcoming work studies the professions of academic finance and economics. Why do we tenure and why does tenure only appear in academia, government, and professional partnerships? What effect does tenure have on creativity? How do we measure research impact and how accurate are those measures? More recently, Professor Van Wesep has also studied a variety of questions in markets for indivisible assets, such as markets for housing, notably related to disequilibrium arising from price limits, either endogenously or exogenously imposed.
keywords
Corporate Finance, Compensation, Contracting, Short Sales, Personnel Economics, Labor and Finance, Meta
