HUMAN CAPITAL AND CAREER SUCCESS: EVIDENCE FROM LINKED EMPLOYER-EMPLOYEE DATA

• 成果类型: Article
• 署名作者: Frederiksen, Anders; Kato, Takao
• 署名单位: Copenhagen Business School; IZA Institute Labor Economics; Colgate University; Columbia University; Rutgers University System; Rutgers University New Brunswick
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12504
• 发表日期: 2018
• 页码: 1952-1982
• 关键词: internal economics; promotion; LABOR; wage; firm; DISCRIMINATION; mobility; GENDER; ceo

摘要

Using Danish registry data covering the population of Danish workers, we provide new and robust evidence with external validity on the importance of the breadth of human capital for top management appointments, and support/enrich the human capital theory of corporate leadership by Gibbons and Waldman and Lazear. Our analysis allows for both internal promotion and external recruitment as means to achieve top management appointments, and yields additional findings: the breath of human capital is more important in mature firms, as predicted by the theory; and the concept of firm-specific human capital applies to the breadth of human capital.