We show that economic conditions when managers enter the labor market have long-run effects on their career paths and … managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also … environment is important to the formation and selection of managers …

market discipline—would suffice to uphold the rational-manager paradigm. Instead, the evidence reveals that behavioral forces … exert a significant influence at every stage of a chief executive officer’s (CEO’s) career. First, at the appointment stage …, selection does not impede the promotion of behavioral managers. Instead, competitive environments oftentimes promote their …

The best worker is not always the best candidate for manager. In these cases, do firms promote the best potential … manager or the best worker in her current job? Using microdata on the performance of sales workers at 214 firms, we find …

This paper examines the labor market for mutual fund managers and managers' responses to the implicit incentives … created by their career concerns. We find that managerial turnover is sensitie to a fund's recent performance. Consistent with … the hypothesis that fund companies are learning about managers' abilities, managerial turnover is more performance …

The analyses below compare the career histories and personal characteristics of the executives in the top ranks of the …

education and labor market outcomes. We correlate an incentivized measure of competitiveness with an important career choice of …

This paper analyzes the career progression of skilled and unskilled workers, with a focus on how careers are affected …

Two main career paths are prevalent among politicians in modern democracies: there are career politicians (i … with respect to their market ability and political skills. Our analysis provides an explanation for the existence of career … politicians, decreases turnover in office, and may either decrease or increase the average quality of career politicians …