We spend a lot of time and identifying and talking about superstars: in sports, in business, in academia. I'm guilty too, in my (mostly failed) Nobel prediction from a couple weeks back. My colleague teased us all with Jennifer Lawrence last week, surely a superstar if there ever was one. But an intriguing recent paper from Michael Housman and Dylan Minor suggests that we should be, perhaps, be paying a little more attention to the other end of the distribution. In a large dataset of employee records in a single firm they identify a set of "Toxic Workers," those who were eventually "involuntary [terminated] due to an egregious violation of company policy. Examples include sexual harassment, workplace violence, falsifying documents, fraud, and general workplace misconduct." They then look back to see how the presence of one of these workers affected performance of the team, performance of teammates, and the chance of "infecting" co-workers. In some back-of-the-envelope calculations they find that identifying and hiring a superstar (top 1%) is less than than half as valuable as avoiding a toxic worker. It's a nice paper. You should check it out. (HT: Florian Ederer @florianederer)
More news
All News · Jens Prüfer
Tilburg University is hiring a tenure-track Assistant Professor in Economics
A tenure-track position for scholars working on firms, markets, strategic behavior or institutions. Applications are due by 15 November 2026.
Read moreabout Tilburg University is hiring a tenure-track Assistant Professor in Economics · Federica Carugati
The 2026 SIOE Awards
Angela Zhang wins the Douglass North Best Book Award, Matteo Tranchero the Ronald H. Coase Dissertation Award, and Ngoma, Sievert, Jaravel, Nunn and Weigel the Oliver E. Williamson Best Conference Paper Award.
Read moreabout The 2026 SIOE Awards · Sascha O. Becker
Save the date: SIOE 2027 at the University of Warwick
SIOE 2027 will take place from Sunday 18 to Tuesday 20 July 2027 at the University of Warwick, in Coventry, UK.
Read moreabout Save the date: SIOE 2027 at the University of Warwick

