Full Citation

Title: Human Capital and the Managerial Revolution in the United States: Evidence from General Electric

Citation Type: Journal Article

Publication Year: 2023

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DOI: 10.1162/rest_a_01400/2186095/rest_a_01400.pdf

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Abstract: This paper estimates the returns to human capital accumulation during the first era of mega-firms in the United States by linking employees at General Electric-a canonical enterprise associated with the "visible hand" of managerial hierarchies-to the 1940 census. I find large returns to higher education through seniority in the hierarchy, span of control, earnings, and selection into management training, using the proximity of land-grant colleges and historical universities to birth states for identification. The findings highlight the human capital determinants of the managerial revolution at a prominent firm, driven by earlier public investments in the US education system.

Url: http://direct.mit.edu/rest/article-pdf/doi/10.1162/rest_a_01400/2186095/rest_a_01400.pdf

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Authors: Nicholas, Tom

Periodical (Full): Reveiw of Economics and Statistics

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Pages: 1-47

Data Collections: IPUMS USA - Ancestry Full Count Data

Topics: Education, Labor Force and Occupational Structure

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