Different higher education patterns of topmanagers in the U.S., France, and Germany. A signaling approach
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 attributed to the higher education systems of the U.S., France and Germany. An empirical investigation of the educational paths of topmanagers in these countries reveals that these high potentials indeed behaved according to the signaling requirements following from the country-specific filter-design.
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- Arrow, Kenneth J., 1973. "Higher education as a filter," Journal of Public Economics, Elsevier, vol. 2(3), pages 193-216, July.
- Egon P. Franck & Bruno Schönfelder, 2000. "On The Role Of Competition In Higher Education – Uses And Abuses Of The Economic Metaphor," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 52(3), pages 214-237, July.
- Temin, Peter, 1999. "The Stability of the American Business Elite," Industrial and Corporate Change, Oxford University Press, vol. 8(2), pages 189-209, June.
- Baade, Robert A. & Sundberg, Jeffrey O., 1996. "What determines alumni generosity?," Economics of Education Review, Elsevier, vol. 15(1), pages 75-81, February.
- Gordon C. Winston, 1999. "Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education," Journal of Economic Perspectives, American Economic Association, vol. 13(1), pages 13-36, Winter.
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