Working Paper
Occupational Human Capital and Career Dynamics
In this paper we revisit the concept of human capital accumulated on the job to allow functionally-specific and managerial human capital to coexist in a job or person. We also consider heterogeneity in the experiences accumulated within a functional (i.e. occupational) specialty, versus measuring experience simply as time spent working. The analysis uses a unique data set with longitudinal information on a professional services firm's former employees. The results support coexistence of managerial and occupation-specific human capital. They also support a more detailed examination of the components of on-the-job experience, aside from tallies of the number of years worked.
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