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Returns to education in professional football

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Author Info

  • Böheim, René
  • Lackner, Mario

Abstract

After 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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File URL: http://www.sciencedirect.com/science/article/pii/S0165176511004605
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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 114 (2012)
Issue (Month): 3 ()
Pages: 326-328

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Handle: RePEc:eee:ecolet:v:114:y:2012:i:3:p:326-328

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: NFL; Returns to education; Ability bias; Labor markets in sports;

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References

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  1. Justin McCrary & Heather Royer, 2006. "The Effect of Female Education on Fertility and Infant Health: Evidence from School Entry Policies Using Exact Date of Birth," NBER Working Papers 12329, National Bureau of Economic Research, Inc.
  2. Dhuey, Elizabeth & Lipscomb, Stephen, 2008. "What makes a leader? Relative age and high school leadership," Economics of Education Review, Elsevier, vol. 27(2), pages 173-183, April.
  3. Richard Paap & Frank Kleibergen, 2004. "Generalized Reduced Rank Tests using the Singular Value Decomposition," Econometric Society 2004 Australasian Meetings 195, Econometric Society.
  4. Joshua D. Angrist & Alan B. Krueger, 1990. "Does Compulsory School Attendance Affect Schooling and Earnings?," NBER Working Papers 3572, National Bureau of Economic Research, Inc.
  5. Bryan L. Boulier & Herman O. Stekler & Jason Coburn & Timothy Rankins, 2009. "Evaluating National Football League Draft Choices: The Passing Game," Working Papers 2009-003, The George Washington University, Department of Economics, Research Program on Forecasting.
  6. Card, David, 2001. "Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems," Econometrica, Econometric Society, vol. 69(5), pages 1127-60, September.
  7. Rob Simmons & David Berri, 2008. "Race and the Evaluation of Signal Callers in the National Football League," IASE Conference Papers 0825, International Association of Sports Economists.
  8. Lawrence M. Kahn, 2007. "Markets: Cartel Behavior and Amateurism in College Sports," Journal of Economic Perspectives, American Economic Association, vol. 21(1), pages 209-226, Winter.
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As found by EconAcademics.org, the blog aggregator for Economics research:
  1. 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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