Human Capital and Career Success: Evidence from Linked Employer-employee Data

Anders Frederiksen, Takao Kato

    Research output: Contribution to journalJournal articleResearchpeer-review

    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.
    Original languageEnglish
    JournalEconomic Journal
    Volume128
    Issue number613
    Pages (from-to)1952-1982
    Number of pages31
    ISSN0013-0133
    DOIs
    Publication statusPublished - Aug 2018

    Bibliographical note

    Published online 16 August 2017

    Cite this

    Frederiksen, Anders ; Kato, Takao. / Human Capital and Career Success : Evidence from Linked Employer-employee Data. In: Economic Journal. 2018 ; Vol. 128, No. 613. pp. 1952-1982 .
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    Human Capital and Career Success : Evidence from Linked Employer-employee Data. / Frederiksen, Anders; Kato, Takao.

    In: Economic Journal, Vol. 128, No. 613, 08.2018, p. 1952-1982 .

    Research output: Contribution to journalJournal articleResearchpeer-review

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