Playing For Keeps: Pay And Performance In The Nba
"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.
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Volume (Year): 45 (2007)
Issue (Month): 1 (January)
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