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Deferred compensation when monitoring is (nearly) costless: evidence from professional football

In: Outcome Uncertainty in Sporting Events

Author

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  • Bernd Frick
  • Hannes Winner

Abstract

It is one of the few stylized facts in labour and personnel economics that wages rise with a worker’s seniority. What is not yet clear, however, is whether this is owing to better matches surviving for longer periods of time, to investments in the acquisition of specific human capital or to deferred compensation. Using detailed information on football players’ salaries and their market values from the German Bundesliga as well as the Italian Serie A in the 2014–15 season, we find that salaries peak about two years later than market values. Although we cannot rule out match quality as a potential explanation, our findings are fully consistent with deferred compensation as a motivational device.

Suggested Citation

  • Bernd Frick & Hannes Winner, 2020. "Deferred compensation when monitoring is (nearly) costless: evidence from professional football," Chapters, in: Plácido Rodríguez & Stefan Kesenne & Brad R. Humphreys (ed.), Outcome Uncertainty in Sporting Events, chapter 5, pages 63-74, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19526_5
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    Keywords

    Economics and Finance;

    Statistics

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