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Is there a managerial life cycle? Evidence from the NFL

Author

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  • Brian L. Goff

    (Department of Economics|Ford College of Business, Western Kentucky University, Bowling Green, KY 42101, USA)

  • Thomas O. Wisley

    (Department of Economics|Ford College of Business, Western Kentucky University, Bowling Green, KY 42101, USA)

Abstract

We use data from the NFL over 1920-2004 to examine the relationship between age and managerial performance controlling for other relevant influences. Our results indicate that age enhances performance up to a point at which increasing age predicts diminished performance-a managerial life cycle. Moreover, rates of change in the life cycle are relatively gradual, which is consistent with gradual changes in the marginal product of human capital and depreciation rates for human capital rather than levels that are fixed for long periods. With a lag of about 7-10 years, the effects are very similar to those found between age and athletic performance in previous studies by Fair. Copyright © 2006 John Wiley & Sons, Ltd.

Suggested Citation

  • Brian L. Goff & Thomas O. Wisley, 2006. "Is there a managerial life cycle? Evidence from the NFL," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 27(7), pages 563-572.
    • Handle: RePEc:wly:mgtdec:v:27:y:2006:i:7:p:563-572
    DOI: 10.1002/mde.1274
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    References listed on IDEAS

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    1. Scully, Gerald W., 1995. "The Market Structure of Sports," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226743950, September.
    2. Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66(4), pages 281-281.
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    Cited by:

    1. W. David Allen & William P. Curington, 2018. "Managerial time constraints and young worker productivity: Natural experiments with NFL rookies," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 39(2), pages 180-199, March.

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