Leadership Skills and Wages
AbstractAmerican business is devoting a growing share of resources to identifying and developing a worker characteristic called Â³leadership skillÂ². Is there such a thing, and is it rewarded in labor markets? Using the Project Talent, NLS72 and High School and Beyond datasets, we show that men who occupied leadership positions in high school earn more as adults, even when cognitive skills are held constant. The pure leadership-wage effect varies, depending on definitions and time period, from four percent to twenty-four percent, and appears to have increased over time. High-school leaders are more likely to occupy managerial occupations as adults, and leadership skills command a higher wage premium within managerial occupations than in other jobs. We find evidence that leadership skill has a component that is determined before high school, but also find evidence suggesting that it is Â³teachableÂ².
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Bibliographic InfoPaper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number qt50q3c9n1.
Date of creation: 01 Mar 2003
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Leadership; skills; wages;
Other versions of this item:
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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