Human capital and career success Evidence from linked employer-employee data

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 Waldma...

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Bibliographic Details
Published inThe Economic journal (London) Vol. 128; no. 613; pp. 1952 - 1982
Main Authors Frederiksen, Anders, Kato, Takao
Format Journal Article
LanguageEnglish
Published Oxford John Wiley & Sons Ltd 01.08.2018
Oxford University Press
Subjects
Arbeitnehmer
Ausbildung
Berufliche Mobilität
Berufserfahrung
Berufserfolg
Berufsverlauf
Bildungsabschluss
Bildungsertrag
Bildungsniveau
Careers
Dänemark
Economic theory
Erziehung
Führungskraft
Gleichberechtigung
Human capital
Human resource management
Humankapital
Leadership
Recruitment
Success
Top management
Unternehmen
Denmark
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Summary: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.
ISSN:0013-0133
1468-0297
1468-0297
DOI:10.1111/ecoj.12504