IDEAS home Printed from https://ideas.repec.org/a/oup/oxecpp/v70y2018i4p950-973..html
   My bibliography  Save this article

What makes you ‘super-rich’? New evidence from an analysis of football players’ wages

Author

Listed:
  • Vincenzo Carrieri
  • Francesco Principe
  • Michele Raitano

Abstract

This article investigates the influence of performance, popularity, and bargaining power on ‘super-earnings’ using a unique panel dataset of Italian football players built on various sources of data. Using OLS, Panel, and Unconditional Quantile regression techniques, we find that detailed measures of these factors are all significantly associated with higher wages. Popularity dominates all the other factors at the right tail of earnings distribution, and the agent’s power contributes mostly to allocate players in richer teams. These new findings challenge the interpretations of super-earnings based only on very talented workers who ‘win and take all’.

Suggested Citation

  • Vincenzo Carrieri & Francesco Principe & Michele Raitano, 2018. "What makes you ‘super-rich’? New evidence from an analysis of football players’ wages," Oxford Economic Papers, Oxford University Press, vol. 70(4), pages 950-973.
  • Handle: RePEc:oup:oxecpp:v:70:y:2018:i:4:p:950-973.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/oep/gpy025
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Anil Özdemir & Helmut Dietl & Giambattista Rossi & Robert Simmons, 2020. "Are Workers Rewarded for Inconsistent Performance?," Working Papers 386, University of Zurich, Department of Business Administration (IBW).
    2. Rachel Scarfe & Carl Singleton & Paul Telemo, 2020. "Extreme wages, performance and superstars in a market for footballers," Economics Discussion Papers em-dp2020-04, Department of Economics, Reading University.

    More about this item

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:70:y:2018:i:4:p:950-973.. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) The email address of this maintainer does not seem to be valid anymore. Please ask Oxford University Press to update the entry or send us the correct email address or (Christopher F. Baum). General contact details of provider: https://academic.oup.com/oep .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.