Playing For Keeps: Pay And Performance In The Nba
Abstract
"This paper examines contract-related incentive effects using a unique dataset on individual performance and individual contracts. Evidence from professional basketball players in the 1980s and 1990s shows that individual performance improves significantly in the year before signing a multi-year contract but declines after the contract is signed. One interpretation is that workers strategically increase effort to obtain the most lucrative, multi-year contract but then reduce it once the contract is locked in. This highlights the double-edged nature of long-term contracts: good for employers when workers are fighting for them, but less so when workers have them." ("JEL" J22, J3) Copyright 2006 Western Economic Association International.Download Info
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Bibliographic Info
Article provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 45 (2007)
Issue (Month): 1 (01)
Pages: 145-161
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Related research
Keywords:Find related papers by JEL classification:
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Leonardo Martinez, 2009.
"Reputation, Career Concerns, and Job Assignments,"
The B.E. Journal of Theoretical Economics,
De Gruyter, vol. 9(1), pages 15.
- Leonardo Martinez, 2009. "Reputation, career concerns, and job assignments," Working Paper 06-01, Federal Reserve Bank of Richmond.
- Andrew Foerster & Leonardo Martinez, 2006. "Are we working too hard or should we be working harder? A simple model of career concerns," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 79-91.
- Leonardo Martinez, 2008.
"A theory of political cycles,"
Working Paper
05-04, Federal Reserve Bank of Richmond.
- Martinez, Leonardo, 2009. "A theory of political cycles," Journal of Economic Theory, Elsevier, vol. 144(3), pages 1166-1186, May.
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