Human Capital and Career Success: Evidence from Linked Employer‐Employee Data

31 Pages Posted: 3 Aug 2018

See all articles by Anders Frederiksen

Anders Frederiksen

IZA Institute of Labor Economics

Takao Kato

Colgate University - Economics Department; IZA Institute of Labor Economics

Multiple version iconThere are 2 versions of this paper

Date Written: August 2018

Abstract

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.

Suggested Citation

Frederiksen, Anders and Kato, Takao, Human Capital and Career Success: Evidence from Linked Employer‐Employee Data (August 2018). The Economic Journal, Vol. 128, Issue 613, pp. 1952-1982, 2018. Available at SSRN: https://ssrn.com/abstract=3225459 or http://dx.doi.org/10.1111/ecoj.12504

Anders Frederiksen (Contact Author)

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Takao Kato

Colgate University - Economics Department ( email )

13 Oak Drive
Hamilton, NY 13346
United States
315-228-7562 (Phone)
315-228-7033 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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