Returns to education in professional football
AbstractAfter three years in college, football players face a trade-off between spending more time in college and pursuing a career in the National Football League (NFL). We analyze the salaries for rookies in the NFL and instrument the endogenous decision to enter the professional market with the month of birth (relative age effect). A player enjoys a 6 percent higher starting salary in the NFL for each additional year with the college team. The returns to education in professional sports are sizable and similar to returns to formal education.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 114 (2012)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolet
NFL; Returns to education; Ability bias; Labor markets in sports;
Other versions of this item:
- Böheim, René & Lackner, Mario, 2011. "Returns to Education in Professional Football," IZA Discussion Papers 5665, Institute for the Study of Labor (IZA).
- René Böheim & Mario Lackner, 2011. "Returns to Education in Professional Football," Economics working papers 2011-02, Department of Economics, Johannes Kepler University Linz, Austria.
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Returns to education in professional football
by kevin denny in Kevin Denny: Economics more-or-less on 2011-05-15 20:36:46
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