美国的人力资本与管理革命：通用电气公司的证据

IF 7.6 1区经济学 Q1 ECONOMICS

Review of Economics and Statistics Pub Date : 2023-11-29 DOI:10.1162/rest_a_01400

Tom Nicholas

{"title":"美国的人力资本与管理革命：通用电气公司的证据","authors":"Tom Nicholas","doi":"10.1162/rest_a_01400","DOIUrl":null,"url":null,"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.","PeriodicalId":48456,"journal":{"name":"Review of Economics and Statistics","volume":"25 1","pages":""},"PeriodicalIF":7.6000,"publicationDate":"2023-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Human Capital and the Managerial Revolution in the United States: Evidence from General Electric\",\"authors\":\"Tom Nicholas\",\"doi\":\"10.1162/rest_a_01400\",\"DOIUrl\":null,\"url\":null,\"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.\",\"PeriodicalId\":48456,\"journal\":{\"name\":\"Review of Economics and Statistics\",\"volume\":\"25 1\",\"pages\":\"\"},\"PeriodicalIF\":7.6000,\"publicationDate\":\"2023-11-29\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Review of Economics and Statistics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1162/rest_a_01400\",\"RegionNum\":1,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Review of Economics and Statistics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1162/rest_a_01400","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

摘要

本文通过将通用电气公司--一家与管理等级制度的 "看得见的手 "有关的典型企业--的员工与 1940 年的人口普查联系起来，估算了美国第一个巨型企业时代人力资本积累的回报。我利用赠地学院和历史悠久的大学与出生州的邻近程度进行识别，发现通过在等级制度中的资历、控制范围、收入和管理培训的选择，高等教育带来了巨大回报。研究结果凸显了一家知名企业管理革命的人力资本决定因素，而这一决定因素是由早期对美国教育系统的公共投资所推动的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

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

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.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Review of Economics and Statistics Multiple-

CiteScore

8.50

自引率

0.00%

发文量

175

期刊介绍： The Review of Economics and Statistics is a 100-year-old general journal of applied (especially quantitative) economics. Edited at the Harvard Kennedy School, the Review has published some of the most important articles in empirical economics.