IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v14y2007i13p981-985.html
   My bibliography  Save this article

The economic return to college attendance for major league baseball players

Author

Listed:
  • Alexandre Olbrecht

Abstract

Using recently collected Major League Baseball free agent data, this study identifies a contract value premium for nonpitchers who attended college. Simultaneous equations and the more traditional earnings regressions are used to report results which support the implications of the human capital model and the schooling-earnings theory. The results also suggest that the labour market for baseball players may not be purely talent driven and that choosing college may slow down a player's accession to the majors.

Suggested Citation

  • Alexandre Olbrecht, 2007. "The economic return to college attendance for major league baseball players," Applied Economics Letters, Taylor & Francis Journals, vol. 14(13), pages 981-985.
    • Handle: RePEc:taf:apeclt:v:14:y:2007:i:13:p:981-985
    DOI: 10.1080/13504850600706016
    as

    Download full text from publisher

    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850600706016&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504850600706016?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

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

    References listed on IDEAS

    as
    1. Anthony C. Krautmann & Margaret Oppenheimer, 2002. "Contract Length and the Return to Performance in Major League Baseball," Journal of Sports Economics, , vol. 3(1), pages 6-17, February.
    2. Carlos Pestana Barros, 2001. "Economic Return on Schooling for Soccer Players," Journal of Sports Economics, , vol. 2(4), pages 369-378, November.
    3. Cantor, Richard M, 1988. "Work Effort and Contract Length," Economica, London School of Economics and Political Science, vol. 55(219), pages 343-353, August.
    4. Polachek,Solomon W. & Siebert,W. Stanley, 1993. "The Economics of Earnings," Cambridge Books, Cambridge University Press, number 9780521367288.
    5. Kahn, Lawrence M, 1993. "Free Agency, Long-Term Contracts and Compensation in Major League Baseball: Estimates from Panel Data," The Review of Economics and Statistics, MIT Press, vol. 75(1), pages 157-164, February.
    6. Donald J. Cymrot, 1985. "Does Competition Lessen Discrimination? Some Evidence," Journal of Human Resources, University of Wisconsin Press, vol. 20(4), pages 605-612.
    7. Lawrence M. Kahn, 2000. "The Sports Business as a Labor Market Laboratory," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 75-94, Summer.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hsuan-Yu Lin & Chih-Hai Yang, 2016. "Uncertainty, specific investment, and contract duration: evidence from the MLB player market," Empirical Economics, Springer, vol. 50(3), pages 1009-1028, May.
    2. Jahn K. Hakes & Chad Turner, 2008. "Long-Term Contracts in Major League Baseball," Working Papers 0831, International Association of Sports Economists;North American Association of Sports Economists.
    3. Haupert, Michael & Murray, James, 2011. "Regime Switching and Wages in Major League Baseball under the Reserve Clause," MPRA Paper 29094, University Library of Munich, Germany.
    4. Holmes, Paul, 2011. "New evidence of salary discrimination in major league baseball," Labour Economics, Elsevier, vol. 18(3), pages 320-331, June.
    5. Roberto Pedace & Curtis M. Hall, 2012. "Home Safe: No-Trade Clauses and Player Salaries in Major League Baseball," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 51(3), pages 627-644, July.
    6. Philippe Cyrenne, 2013. "Player Salaries, Player Mobility and the Invariance Principle: Evidence from the National Hockey League," Departmental Working Papers 2013-04, The University of Winnipeg, Department of Economics.
    7. Néstor Gandelman, 2009. "Selection Biases in Sports Markets," Journal of Sports Economics, , vol. 10(5), pages 502-521, October.
    8. Michael A. Curme & Greg M. Daugherty, 2004. "Competition and Pay for National Hockey League Players Born in Québec," Journal of Sports Economics, , vol. 5(2), pages 186-205, May.
    9. Charles R. Link & Martin Yosifov, 2012. "Contract Length and Salaries Compensating Wage Differentials in Major League Baseball," Journal of Sports Economics, , vol. 13(1), pages 3-19, February.
    10. Dietl Helmut M & Duschl Tobias & Lang Markus, 2011. "Executive Pay Regulation: What Regulators, Shareholders, and Managers Can Learn from Major Sports Leagues," Business and Politics, De Gruyter, vol. 13(2), pages 1-32, August.
    11. Anthony C. Krautmann & Elizabeth Gustafson & Lawrence Hadley, 2003. "A Note on the Structural Stability of Salary Equations," Journal of Sports Economics, , vol. 4(1), pages 56-63, February.
    12. Helmut Dietl & Tobias Duschl & Markus Lang, 2010. "Gehaltsobergrenzen und Luxussteuern: Erkenntnisse aus dem professionellen Mannschaftssport," Working Papers 0136, University of Zurich, Institute for Strategy and Business Economics (ISU).
    13. Terry, Ryan P. & McGee, Jeffrey E. & Kass, Malcolm J., 2018. "The not-so-free agent: Non-performance factors that contribute to free agent compensation premiums," Sport Management Review, Elsevier, vol. 21(2), pages 189-201.
    14. Pelnar, Gregory, 2007. "Antitrust Analysis of Sports Leagues," MPRA Paper 5382, University Library of Munich, Germany.
    15. Anthony C. Krautmann, 2017. "Risk-Averse Team Owners and Players’ Salaries in Major League Baseball," Journal of Sports Economics, , vol. 18(1), pages 19-33, January.
    16. Peter A. Groothuis & James Richard Hill, 2008. "Exit Discrimination in Major League Baseball: 1990–2004," Southern Economic Journal, John Wiley & Sons, vol. 75(2), pages 574-590, August.
    17. David J. Berri & John Charles Bradbury, 2010. "Working in the Land of the Metricians," Journal of Sports Economics, , vol. 11(1), pages 29-47, February.
    18. Peter Fishman, 2003. "Competitive Balance and Free Agency in Major League Baseball," The American Economist, Sage Publications, vol. 47(2), pages 86-91, October.
    19. Heather O’Neill, 2013. "Do Major League Baseball Hitters Engage in Opportunistic Behavior?," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 19(3), pages 215-232, August.
    20. Sebastian Stolorz, 2005. "A Test of the Signalling Hypothesis - Evidence from Natural Experiment," Labor and Demography 0512008, University Library of Munich, Germany.

    More about this item

    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:taf:apeclt:v:14:y:2007:i:13:p:981-985. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.