Aging at the Very Top.

Autor/inn/en	Kecht, Valentin; Lizzeri, Alessandro; Saidi, Farzad
Institution	National Bureau of Economic Research
Titel	Aging at the Very Top. Gefälligkeitsübersetzung: Altern an der Spitze.
Quelle	Cambridge, Mass (2026), 52 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper / National Bureau of Economic Research. 35089
Beigaben	Anhang
Sprache	englisch
Dokumenttyp	online; Monografie
Schlagwörter	Kompetenz; Unsicherheit; Begabung; Altersstruktur; Soziales Netzwerk; Innerbetriebliche Mobilität; Unternehmen; Zwischenbetriebliche Mobilität; Beruflicher Aufstieg; Berufserfahrung; Berufserfolg; Berufsverlauf; Qualifikation; Qualifikationsanforderung; Unternehmer; Alter; Arbeitspapier; Auswirkung; Entwicklung; Führungskompetenz; Führungskraft; Europa; USA
Abstract	"This paper documents that the age at which CEOs are appointed has risen sharply over the past several decades. Using newly assembled data covering a wide set of firms, we show that this increase is concentrated outside the largest listed firms and driven primarily by longer and more diverse external career paths prior to CEO appointment. These patterns are difficult to reconcile with explanations based on demographics, schooling, or tenure, and are instead consistent with a matching framework in which rising demand for generalist human capital leads firms to trade off peak ability for accumulated experience. We investigate the forces behind this shift. Using variation in consulting networks, we establish that firms place greater weight on diversified managerial experience as operating environments have become increasingly uncertain and complex. We also provide evidence for a supply-side response in which prospective CEOs broaden their skill portfolio as demand for generalist skills rises." The study refers to the period 2000-2023 (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2026/4