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We propose a theory that emphasizes the role of managers for the production and allocation of human capital in firms …. Managers invest time to train junior employees, and acquire information about the juniors' abilities that is valuable for job … assignments. This dual role of managers matters especially in a multidivisional firm, whose internal labor market may be …
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This study investigates the role of on-the-job training in the employment outcomes of less educated men in their late careers. Using survey data from the German National Education Panel Study adult cohort, I estimate a structural dynamic discrete-choice model reflecting the trade-offs of the...
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Using a nationally representative longitudinal survey of lawyers in the U.S., we document a sizeable gap between men and women in their early aspirations to become law firm partners, despite similar early investments and educational characteristics. This aspiration gap can explain a large part...
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