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Economic Return on Schooling for Soccer Players

Author

Listed:
  • Carlos Pestana Barros

    (Technical University Lisbon)

Abstract

This article tests the relationship between earnings and schooling for male footballers of the Portuguese Football League, using data from a questionnaire carried out in the Lisbon area between January and April 2000. The author verifies that the sports market barely compensates the cost of education in accordance with the theory on the economic return on schooling; rather, it rewards talent in accordance with the theory on stardom. This finding is consistent with all currently available international evidence on the issue. Moreover, the article finds a significant positive association between earnings and professional status, union membership, the division in which the club competes, and the player's performance.

Suggested Citation

  • Carlos Pestana Barros, 2001. "Economic Return on Schooling for Soccer Players," Journal of Sports Economics, , vol. 2(4), pages 369-378, November.
  • Handle: RePEc:sae:jospec:v:2:y:2001:i:4:p:369-378
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    File URL: http://jse.sagepub.com/content/2/4/369.abstract
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    Citations

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    Cited by:

    1. Luca Fumarco & Giambattista Rossi, 2015. "Relative Age Effect on Labor Market Outcomes for High Skilled Workers – Evidence from Soccer," Management Working Papers 9, Birkbeck Department of Management, revised Mar 2015.
    2. C. Barros & F. Alves, 2003. "Human capital theory and social capital theory on sports management," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 9(3), pages 218-226, August.
    3. repec:kap:iaecre:v:9:y:2003:i:3:p:218-226 is not listed on IDEAS

    More about this item

    Keywords

    Education; Football; Schooling; Sports;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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