Career mobility theory suggests that given a certain occupation, schooling improves upward mobility in terms of … promotion and wage growth. We are the first to test the implications of this theory for over- and under-education by means of …. Altogether, these findings strongly support the career mobility theory. Furthermore, by differentiating between internal and …

, large firms limit the entrenchment of incumbent managers to take advantage of the improved replacement opportunities offered …

possibilities are internalized in the market, and where managers are complementary inputs to non-managerial workers. The paper … illustrates why some countries may adopt modern technologies while others stay backwards. The paper also explains why managers may …

industry. In the presence of divergent opinions regarding managerial skills, fund managers can strategically use fees to …

brightest managers to the public sector abound. This paper studies self-selection into managerial positions in the public and … ability is always higher in the private sector. As a result, relatively many of the more able managers self-select into the …