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The exploitation of talent

Author

Listed:
  • Christiansen, Nicolaj Allan

    (Sports Economics Seminar, Department of Economics, University of Copenhagen)

  • Sievertsen, Hans Henrik

    (Sports Economics Seminar, Department of Economics, University of Copenhagen)

Abstract

This article is a review of the seminar paper Superstar Effect in Italian Football which was written for the seminar on sports economics at the Department of Economics, University of Copenhagen and awarded the McKinsey Award in spring 2008. Only the main findings from the seminar paper will be presented here. For details and technicalities we refer to the original seminar paper Christiansen and Sievertsen (2008), which can be dowloaded at www.econ.ku.dk/nf/superstareffect.pdf. In short, superstar economics is the branch of labour economics that deals with the phenomenon of nonlinear and highly rightskewed income distributions, that is observed in certain activities. The puzzle is, that the most talented individuals in these activi ties can obtain extremely high salaries compared to their colleagues, even though they are only marginally more talented. Theoretical explanations of the puzzle are reviewed and the superstar phenomenon is analysed empirically on Italian football, where a signi - ficant superstar effect is found.

Suggested Citation

  • Christiansen, Nicolaj Allan & Sievertsen, Hans Henrik, 2008. "The exploitation of talent," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2008(1), pages 319-326.
    • Handle: RePEc:hhs:jdaecn:0121
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    References listed on IDEAS

    as
    1. Claudio Lucifora & Rob Simmons, 2003. "Superstar Effects in Sport," Journal of Sports Economics, , vol. 4(1), pages 35-55, February.
    2. Adler, Moshe, 1985. "Stardom and Talent," American Economic Review, American Economic Association, vol. 75(1), pages 208-212, March.
    3. Lex Borghans & Loek Groot, 1998. "Superstardom and Monopolistic Power: Why Media Stars Earn More Than Their Marginal Contribution to Welfare," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 154(3), pages 546-546, September.
    4. MacDonald, Glenn M, 1988. "The Economics of Rising Stars," American Economic Review, American Economic Association, vol. 78(1), pages 155-166, March.
    5. Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-858, December.
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    Keywords

    Sports economics;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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