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Determinants of Professional Golf Tournament Earnings

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  • Ronald L. Moy
  • Thomas Liaw

Abstract

This paper examines the structure of the three professional golf tours and the factors that are most important in determining the earnings of professional golfers. The results show that the greater level of competition on the men's tour, relative to the senior and women's tours indicate that a solid well-rounded game is necessary for success on the men's tour. In addition, the weaker level of competition on the women's and senior's tours, coupled with the shorter, less demanding golf courses played on these tours indicates that the seniors and the women can succeed by attaining sound iron games and becoming good putters.

Suggested Citation

  • Ronald L. Moy & Thomas Liaw, 1998. "Determinants of Professional Golf Tournament Earnings," The American Economist, Sage Publications, vol. 42(1), pages 65-70, March.
    • Handle: RePEc:sae:amerec:v:42:y:1998:i:1:p:65-70
    DOI: 10.1177/056943459804200106
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    References listed on IDEAS

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    1. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
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    Cited by:

    1. Scott J. Callan & Janet M. Thomas, 2007. "Modeling the Determinants of a Professional Golfer's Tournament Earnings," Journal of Sports Economics, , vol. 8(4), pages 394-411, August.
    2. Mark Broadie, 2012. "Assessing Golfer Performance on the PGA TOUR," Interfaces, INFORMS, vol. 42(2), pages 146-165, April.
    3. Stephen Shmanske, 2007. "Consistency or Heroics: Skewness, Performance, and Earnings on the PGA TOUR," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 35(4), pages 463-471, December.
    4. Ferdi Botha & Gavin Fraser & Thomas A. Rhoads, 2021. "Skill and Earnings Amongst Golfers on the Southern‐African Sunshine Tour," South African Journal of Economics, Economic Society of South Africa, vol. 89(2), pages 274-281, June.
    5. Donald L. Alexander & William Kern, 2005. "Drive for Show and Putt for Dough?," Journal of Sports Economics, , vol. 6(1), pages 46-60, February.
    6. Stephen Shmanske, 2008. "Skills, Performance, and Earnings in the Tournament Compensation Model," Journal of Sports Economics, , vol. 9(6), pages 644-662, December.
    7. Ohn, Jonathan K. & Bealing, William & Waeger, Dan, 2012. "The Determinants of Annual Earnings for PGA Players Under the New PGA’s FedEx Cup System," Review of Applied Economics, Lincoln University, Department of Financial and Business Systems, vol. 8(1), pages 1-11, May.
    8. Thomas A. Rhoads, 2007. "Labor Supply on the PGA TOUR," Journal of Sports Economics, , vol. 8(1), pages 83-98, February.

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