People who are good at their jobs routinely get promoted into bigger jobs they’re bad at. We explain why firms keep producing incompetent managers — and why that’s unlikely to change. <ul><li>SOURCES:<ul><li><a href="https://nbloom.people.stanford.edu/bio">Nick Bloom</a>, professor of economics at Stanford University.</li><li><a href="https://www.linkedin.com/in/datakatie/">Katie Johnson</a>, freelance data and analytics coach.</li><li><a href="https://som.yale.edu/faculty/kelly-shue">Kelly Shue</a>, professor of finance at the Yale University School of Management.</li><li><a href="https://haas.berkeley.edu/faculty/tadelis-steven/">Steve Tadelis</a>, professor of economics at the University of California, Berkeley Haas School of Business.</li></ul></li></ul> <ul><li>RESOURCES:<ul><li>“<a href="https://www.journals.uchicago.edu/doi/abs/10.1086/711409">People Management Skills, Employee Attrition, and Manager Rewards: An Empirical Analysis</a>,” by Mitchell Hoffman and Steven Tadelis (Journal of Political Economy, 2021).</li><li>“<a href="https://academic.oup.com/qje/article/134/4/2085/5550760">Promotions and the Peter Principle</a>,” by Alan Benson, Danielle Li, and Kelly Shue (The Quarterly Journal of Economics, 2019).</li><li>“<a href="https://wol.iza.org/articles/bosses-matter-the-effects-of-managers-on-workers-performance/long">Bosses Matter: The Effects of Managers on Workers’ Performance</a>,” by Kathryn L. Shaw (IZA World of Labor, 2019).</li><li>“<a href="https://www.journals.uchicago.edu/doi/abs/10.1086/681097">The Value of Bosses</a>,” by Edward P. Lazear, Kathryn L. Shaw, and Christopher T. Stanton (Journal of Labor Economics, 2015).</li><li><a href="https://amzn.to/3MltnJp">The Peter Principle: Why Things Always Go Wrong</a>, by Laurence J. Peter and Raymond Hull (1969).</li></ul></li></ul> <ul><li>EXTRAS:<ul><li>“<a href="https://freakonomics.com/podcast-tag/the-secret-life-of-c-e-o-s/">The Secret Life of C.E.O.s</a>” series by Freakonomics Radio.</li><li>“<a href="https://freakonomics.com/podcast/what-does-a-c-e-o-actually-do/">What Does a C.E.O. Actually Do?</a>” by Freakonomics Radio (2018).</li></ul></li></ul>

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