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ISSN 0143-04-10.pdf300.8 kBAdobe PDFView/Open
Title: Profitable Career Paths: The Importance of Occupational and Industry Expertise
Authors: Zangelidis, Alexandros
Keywords: Human Capital
Occupational Expertise
Industry Experience
Issue Date: Oct-2004
Publisher: University of Aberdeen Business School
Series/Report no.: Economics Working Paper Series
Abstract: This paper departs from the conventional assumption that divides accumulated in work human capital into employer-specific and general labour market skills, and pursues the idea of industry and occupational specificity. Occupation-specific skills are estimated to have an important contribution in wage determination, while the evidence on industry specificity is not strong and in some cases inconclusive. The findings also outline that industry and occupational expertise are truly important to individuals’ earnings in industry sectors and occupations that are characterised by high-paying, prestigious but, competitive and demanding jobs, like professional and managerial jobs or jobs in the banking and finance sector.
ISSN: 0143-4543
Appears in Collections:Economics research
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