Does it pay to specialize? The story from the Gridiron
In the field of personnel economics, there are few opportunities to convincingly test for salary returns to specialization as against versatility or multi-tasking. This paper performs such a test by modeling returns to performance measures associated with two different skills practiced by running backs in the National Football League. We find pronounced gains to specialization with substantial predicted differences in returns for alternative skills. Moreover, these differences vary across the salary distribution. In the top half of the salary distribution, especially, model simulations show that specialists in either particular skill generate higher marginal returns than versatile players.
|Date of creation:||2007|
|Contact details of provider:|| Postal: LANCASTER LA1 4YX|
Phone: +44 (1524) 594601
Fax: +44 (1524) 594244
Web page: http://www.lancaster.ac.uk/lums
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jahn Hakes & Chad Turner, 2011.
"Pay, productivity and aging in Major League Baseball,"
Journal of Productivity Analysis,
Springer, vol. 35(1), pages 61-74, February.
- Turner, Chad & Hakes, Jahn, 2007. "Pay, productivity and aging in Major League Baseball," MPRA Paper 4326, University Library of Munich, Germany.
- Wallace Hendricks & Lawrence DeBrock & Roger Koenker, 2003. "Uncertainty, Hiring, and Subsequent Performance: The NFL Draft," Journal of Labor Economics, University of Chicago Press, vol. 21(4), pages 857-886, October.
- Michael A. Leeds & Sandra Kowalewski, 2001. "Winner Take All in the NFL," Journal of Sports Economics, The North American Association of Sports Economists, vol. 2(3), pages 244-256, August.
- Roger Koenker & Kevin F. Hallock, 2001.
Journal of Economic Perspectives,
American Economic Association, vol. 15(4), pages 143-156, Fall.
- Green, Francis & Machin, Stephen & Wilkinson, David, 1998. "The Meaning and Determinants of Skills Shortages," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 60(2), pages 165-187, May.
- Scully, Gerald W, 1974. "Pay and Performance in Major League Baseball," American Economic Review, American Economic Association, vol. 64(6), pages 915-930, December.
- 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.
- Kevin G. Quinn, 2006. "Who Should be Drafted? Predicting Future Professional Productivity of Amateur Players Seeking to Enter the National Football League," IASE Conference Papers 0611, International Association of Sports Economists.
- Robert Simmons & David Berri, 2005. "Race and evaluation of signal callers in the National Football League," IASE Conference Papers 0511, International Association of Sports Economists.
- Berri David J. & Schmidt Martin B. & Brook Stacey L., 2006. "Review of Wages of Wins: A Reply," Journal of Quantitative Analysis in Sports, De Gruyter, vol. 2(4), pages 1-12, October.
- Garicano, Luis & Hubbard, Thomas, 2005.
"Managerial Leverage is Limited By the Extent of the Market: Hierarchies, Specialization and the Utilization of Lawyers' Human Capital,"
CEPR Discussion Papers
4924, C.E.P.R. Discussion Papers.
- Garicano, Luis & Hubbard, Thomas N, 2007. "Managerial Leverage Is Limited by the Extent of the Market: Hierarchies, Specialization, and the Utilization of Lawyers' Human Capital," Journal of Law and Economics, University of Chicago Press, vol. 50(1), pages 1-43, February.
- Krautmann, Anthony C, 1999. "What's Wrong with Scully-Estimates of a Player's Marginal Revenue Product," Economic Inquiry, Western Economic Association International, vol. 37(2), pages 369-81, April.
- Rob Simmons & David Berri, 2008. "Race and the Evaluation of Signal Callers in the National Football League," IASE Conference Papers 0825, International Association of Sports Economists.
- Idson, Todd L & Kahane, Leo H, 2000. "Team Effects on Compensation: An Application to Salary Determination in the National Hockey League," Economic Inquiry, Western Economic Association International, vol. 38(2), pages 345-57, April.
- Anthony C. Krautmann & Peter von Allmen & David Berri, 2009. "The Underpayment of Restricted Players in North American Sports Leagues," International Journal of Sport Finance, Fitness Information Technology, vol. 4(3), pages 161-175, August.
When requesting a correction, please mention this item's handle: RePEc:lan:wpaper:591134. 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: (Giorgio Motta)
If references are entirely missing, you can add them using this form.