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

Anders Frederiksen, Takao Kato

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    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
    Issue number613
    Pages (from-to)1952-1982
    Number of pages31
    Publication statusPublished - Aug 2018

    Bibliographical note

    Published online 16 August 2017

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