The paper presents an economic explanation of country-specific higher education patterns among topmanagers based on a signaling approach. Starting from Ar-row's hypothesis that higher education functions as a filter for human capital, we discuss three alternative filter-designs, which can be...

Due to specific production conditions consultancies have advantages overfirms from other industries in assessing the quality of human capital. But only topmanagementconsulting firms will economize on these advantages by offering filtering services to the labor market .