The Age-Wage-Productivity Puzzle: Evidence from the Careers of Top Earners
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Castellucci, Fabrizio & Padula, Mario & Pica, Giovanni, 2011.
"The age-productivity gradient: Evidence from a sample of F1 drivers,"
Labour Economics, Elsevier, vol. 18(4), pages 464-473, August.
- Fabrizio Castellucci & Giovanni Pica, 2009. "The Age-Productivity Gradient: Evidence from a Sample of F1 Drivers," CSEF Working Papers 226, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Fabrizio Castellucci & Mario Padula & Giovanni Pica, 2009. "The age-productivity gradient: evidence from a sample of F1 drivers," Working Papers 2009_16, Department of Economics, University of Venice "Ca' Foscari".
- Principe, Francesco & van Ours, Jan C., 2022.
"Racial bias in newspaper ratings of professional football players,"
European Economic Review, Elsevier, vol. 141(C).
- van Ours, Jan C. & ,, 2021. "Racial Bias in Newspaper Ratings of Professional Football Players," CEPR Discussion Papers 16419, C.E.P.R. Discussion Papers.
- Adler, Moshe, 1985. "Stardom and Talent," American Economic Review, American Economic Association, vol. 75(1), pages 208-212, March.
- Roberto Burguet & József Sákovics, 2019.
"Bidding For Talent In Sport,"
Economic Inquiry, Western Economic Association International, vol. 57(1), pages 85-102, January.
- Roberto Burguet & József Sákovics, 2016. "Bidding for Talent in Sport," Working Papers 902, Barcelona School of Economics.
- Roberto Burguet & Jozsef Sakovics, 2018. "Bidding for talent in sport," Edinburgh School of Economics Discussion Paper Series 284, Edinburgh School of Economics, University of Edinburgh.
- Anil Özdemir & Helmut Dietl & Giambattista Rossi & Rob Simmons, 2022. "Are workers rewarded for inconsistent performance?," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 61(2), pages 137-151, April.
- Ana Cardoso & Paulo Guimarães & José Varejão, 2011.
"Are Older Workers Worthy of Their Pay? An Empirical Investigation of Age-Productivity and Age-Wage Nexuses,"
De Economist, Springer, vol. 159(2), pages 95-111, June.
- Cardoso, Ana Rute & Guimaraes, Paulo & Varejão, José, 2010. "Are Older Workers Worthy of Their Pay? An Empirical Investigation of Age-Productivity and Age-Wage Nexuses," IZA Discussion Papers 5121, Institute of Labor Economics (IZA).
- Rupert, Peter & Zanella, Giulio, 2015.
"Revisiting wage, earnings, and hours profiles,"
Journal of Monetary Economics, Elsevier, vol. 72(C), pages 114-130.
- Rupert, Peter & Zanella, Giulio, 2012. "Revisiting wage, earnings, and hours profiles," University of California at Santa Barbara, Economics Working Paper Series qt61f2f1hv, Department of Economics, UC Santa Barbara.
- P. Rupert & G. Zanella, 2014. "Revisiting wage, earnings, and hours profiles," Working Papers wp936, Dipartimento Scienze Economiche, Universita' di Bologna.
- Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1261-1284, December.
- Williams, Nicolas, 2009.
"Seniority, experience, and wages in the UK,"
Labour Economics, Elsevier, vol. 16(3), pages 272-283, June.
- Nicolas Williams, 2004. "Seniority, Experience, and Wages in the UK," University of Cincinnati, Economics Working Papers Series 2004-06, University of Cincinnati, Department of Economics.
- Dennis Coates & Bernd Frick & Todd Jewell, 2016. "Superstar Salaries and Soccer Success," Journal of Sports Economics, , vol. 17(7), pages 716-735, October.
- R. Todd Jewell, 2017. "The Effect of Marquee Players on Sports Demand," Journal of Sports Economics, , vol. 18(3), pages 239-252, April.
- Rachel Scarfe & Carl Singleton & Paul Telemo, 2019. "Do high wage footballers play for high wage teams? The case of Major League Soccer," Economics Discussion Papers em-dp2019-04, Department of Economics, University of Reading, revised 01 Feb 2020.
- Alexandros Zangelidis, 2008.
"Seniority Profiles in Unionized Workplaces: Do Unions Still have the Edge?,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 70(3), pages 327-345, June.
- Alexandros Zangelidis, 2004. "Seniority Profiles In Unionised Workplaces: Do Unions Still Have The Edge?," Royal Economic Society Annual Conference 2004 48, Royal Economic Society.
- Hellerstein, Judith K & Neumark, David & Troske, Kenneth R, 1999.
"Wages, Productivity, and Worker Characteristics: Evidence from Plant-Level Production Functions and Wage Equations,"
Journal of Labor Economics, University of Chicago Press, vol. 17(3), pages 409-446, July.
- Judith K. Hellerstein & David Neumark & Kenneth R. Troske, 1996. "Wages, Productivity, and Worker Characteristics: Evidence from Plant-Level Production Functions and Wage Equations," NBER Working Papers 5626, National Bureau of Economic Research, Inc.
- Vincenzo Carrieri & Francesco Principe & Michele Raitano, 2018. "What makes you ‘super-rich’? New evidence from an analysis of football players’ wages," Oxford Economic Papers, Oxford University Press, vol. 70(4), pages 950-973.
- Hausman, Jerry A & Leonard, Gregory K, 1997. "Superstars in the National Basketball Association: Economic Value and Policy," Journal of Labor Economics, University of Chicago Press, vol. 15(4), pages 586-624, October.
- Camelia M. Kuhnen & Paul Oyer, 2016.
"Exploration for Human Capital: Evidence from the MBA Labor Market,"
Journal of Labor Economics, University of Chicago Press, vol. 34(S2), pages 255-286.
- Kuhnen, Camelia M. & Oyer, Paul, 2014. "Exploration for Human Capital: Evidence from the MBA Labor Market," Research Papers 3042, Stanford University, Graduate School of Business.
- Camelia M. Kuhnen & Paul Oyer, 2015. "Exploration for Human Capital: Evidence from the MBA Labor Market," NBER Working Papers 20825, National Bureau of Economic Research, Inc.
- Rachel Scarfe & Carl Singleton & Paul Telemo, 2021.
"Extreme Wages, Performance, and Superstars in a Market for Footballers,"
Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 60(1), pages 84-118, January.
- Rachel Scarfe & Carl Singleton & Paul Telemo, 2020. "Extreme wages, performance and superstars in a market for footballers," Economics Discussion Papers em-dp2020-04, Department of Economics, University of Reading, revised 01 Nov 2020.
- Bertoni, Marco & Brunello, Giorgio & Rocco, Lorenzo, 2015. "Selection and the age – productivity profile. Evidence from chess players," Journal of Economic Behavior & Organization, Elsevier, vol. 110(C), pages 45-58.
- Stefan Késenne, 2006.
"The Win Maximization Model Reconsidered,"
Journal of Sports Economics, , vol. 7(4), pages 416-427, November.
- Stefan Kesenne, 2004. "The Win Maximization Model Reconsidered," IASE Conference Papers 0410, International Association of Sports Economists.
- Scott M. Kaplan, 2022. "Putting a price on popularity: Evidence from superstars in the National Basketball Association," Economic Inquiry, Western Economic Association International, vol. 60(3), pages 1357-1381, July.
- Christopher R. Bollinger & Julie L. Hotchkiss, 2003. "The Upside Potential of Hiring Risky Workers: Evidence from the Baseball Industry," Journal of Labor Economics, University of Chicago Press, vol. 21(4), pages 923-944, October.
- Marko Terviö, 2009. "Superstars and Mediocrities: Market Failure in the Discovery of Talent -super-1," Review of Economic Studies, Oxford University Press, vol. 76(2), pages 829-850.
- Thomas Peeters, 2015. "Profit-Maximizing Gate Revenue Sharing In Sports Leagues," Economic Inquiry, Western Economic Association International, vol. 53(2), pages 1275-1291, April.
- Christian Deutscher & Oliver Gürtler & Joachim Prinz & Daniel Weimar, 2017. "The Payoff To Consistency In Performance," Economic Inquiry, Western Economic Association International, vol. 55(2), pages 1091-1103, April.
- Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66, pages 281-281.
- Paul Hek & Daniel Vuuren, 2011.
"Are older workers overpaid? A literature review,"
International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 18(4), pages 436-460, August.
- Daniel van Vuuren & Paul de Hek, 2010. "Are older workers overpaid? A literature review," CPB Discussion Paper 165, CPB Netherlands Bureau for Economic Policy Analysis.
- Giulio Zanella & Peter Rupert, 2010.
"Revisiting Wage, Earnings, and Hours Profiles,"
2010 Meeting Papers
1158, Society for Economic Dynamics.
- Rupert, Peter & Zanella, Giulio, 2012. "Revisiting wage, earnings, and hours profiles," University of California at Santa Barbara, Economics Working Paper Series qt61f2f1hv, Department of Economics, UC Santa Barbara.
- 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.
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.- Rachel Scarfe & Carl Singleton & Paul Telemo, 2021.
"Extreme Wages, Performance, and Superstars in a Market for Footballers,"
Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 60(1), pages 84-118, January.
- Rachel Scarfe & Carl Singleton & Paul Telemo, 2020. "Extreme wages, performance and superstars in a market for footballers," Economics Discussion Papers em-dp2020-04, Department of Economics, University of Reading, revised 01 Nov 2020.
- Maciej Lis, 2017. "Productivity based selection to retirement: Evidence from EU-SILC," IBS Working Papers 02/2017, Instytut Badan Strukturalnych.
- Paul Hek & Daniel Vuuren, 2011.
"Are older workers overpaid? A literature review,"
International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 18(4), pages 436-460, August.
- Daniel van Vuuren & Paul de Hek, 2010. "Are older workers overpaid? A literature review," CPB Discussion Paper 165, CPB Netherlands Bureau for Economic Policy Analysis.
- Anil Özdemir & Helmut Dietl & Giambattista Rossi & Robert Simmons, 2020. "Are Workers Rewarded for Inconsistent Performance?," Working Papers 386, University of Zurich, Department of Business Administration (IBW).
- Johan Rewilak, 2023. "The Designated Player Policy Rule and Attendance Demand in Major League Soccer," Journal of Sports Economics, , vol. 24(4), pages 475-496, May.
- Anil Özdemir & Helmut Dietl & Giambattista Rossi & Rob Simmons, 2022. "Are workers rewarded for inconsistent performance?," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 61(2), pages 137-151, April.
- Franziska Prockl, 2018. "The Superstar Code - Deciphering Key Characteristics And Their Value," Working Papers Dissertations 38, Paderborn University, Faculty of Business Administration and Economics.
- Scott M. Kaplan, 2022. "Putting a price on popularity: Evidence from superstars in the National Basketball Association," Economic Inquiry, Western Economic Association International, vol. 60(3), pages 1357-1381, July.
- Benoit Dostie, 2011.
"Wages, Productivity and Aging,"
De Economist, Springer, vol. 159(2), pages 139-158, June.
- Benoit Dostie, 2006. "Wages, Productivity and Aging," Cahiers de recherche 06-15, HEC Montréal, Institut d'économie appliquée.
- Benoit Dostie, 2007. "Wages, Productivity and Aging," CIRANO Working Papers 2007s-02, CIRANO.
- Benoit Dostie, 2006. "Wages, Productivity and Aging," Cahiers de recherche 0645, CIRPEE.
- Dostie, Benoit, 2006. "Wages, Productivity and Aging," IZA Discussion Papers 2496, Institute of Labor Economics (IZA).
- Bernhard Mahlberg & Inga Freund & Alexia Prskawetz, 2013. "Ageing, productivity and wages in Austria: sector level evidence," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 40(4), pages 561-584, November.
- Andrea Albanese & Bart Cockx & Yannick Thuy, 2020.
"Working time reductions at the end of the career: Do they prolong the time spent in employment?,"
Empirical Economics, Springer, vol. 59(1), pages 99-141, July.
- Albanese, Andrea & Cockx, Bart & Thuy, Yannick, 2015. "Working Time Reductions at the End of the Career: Do They Prolong the Time Spent in Employment?," IZA Discussion Papers 9619, Institute of Labor Economics (IZA).
- Andrea Albanese & Bart Cockx & Yannick Thuy, 2016. "Working Time Reductions at the End of the Career. Do they Prolong the Time Spent in Employment?," CESifo Working Paper Series 5695, CESifo.
- Andrea Albanese & Bart Cockx & Yannick Thuy, 2015. "Working Time Reductions At The End Of The Career. Do They Prolong The Time Spent In Employment?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 15/916, Ghent University, Faculty of Economics and Business Administration.
- Andrea Albanese & Bart Cockx & Yannick Thuy, 2015. "Working Time Reductions at the End of the Career. Do they prolong the Time Spent in Employment?," LIDAM Discussion Papers IRES 2015024, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Carlsson, Magnus & Eriksson, Stefan, 2019. "Age discrimination in hiring decisions: Evidence from a field experiment in the labor market," Labour Economics, Elsevier, vol. 59(C), pages 173-183.
- Michael R. Ward & Alexander D. Harmon, 2019. "ESport Superstars," Journal of Sports Economics, , vol. 20(8), pages 987-1013, December.
- Rupert, Peter & Zanella, Giulio, 2015.
"Revisiting wage, earnings, and hours profiles,"
Journal of Monetary Economics, Elsevier, vol. 72(C), pages 114-130.
- Rupert, Peter & Zanella, Giulio, 2012. "Revisiting wage, earnings, and hours profiles," University of California at Santa Barbara, Economics Working Paper Series qt61f2f1hv, Department of Economics, UC Santa Barbara.
- P. Rupert & G. Zanella, 2014. "Revisiting wage, earnings, and hours profiles," Working Papers wp936, Dipartimento Scienze Economiche, Universita' di Bologna.
- John G. Sessions & Nikolaos Theodoropoulos, 2014.
"Tenure, Wage Profiles and Monitoring,"
Research in Labor Economics, in: New Analyses of Worker Well-Being, volume 38, pages 105-162,
Emerald Group Publishing Limited.
- Sessions, John G. & Theodoropoulos, Nikolaos, 2008. "Tenure, Wage Profiles and Monitoring," IZA Discussion Papers 3307, Institute of Labor Economics (IZA).
- John G. Sessions & Nikolaos Theodoropoulos, 2009. "Tenure, Wage Profiles and Monitoring," University of Cyprus Working Papers in Economics 4-2009, University of Cyprus Department of Economics.
- John Sessions & N Theodoropoulos, 2009. "Tenure, Wage Profiles and Monitoring," Department of Economics Working Papers 27/09, University of Bath, Department of Economics.
- Carrieri, Vincenzo & Principe, Francesco & Raitano, Michele, 2017. "What makes you "super-rich"? New evidence from an analysis of football players' earnings," Ruhr Economic Papers 681, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Ourania Karakosta & Nikos Tsakiris, 2009. "Indirect Tax Reforms and Public Goods under Imperfect Competition," University of Cyprus Working Papers in Economics 5-2009, University of Cyprus Department of Economics.
- Mahlberg, Bernhard & Freund, Inga & Crespo Cuaresma, Jesús & Prskawetz, Alexia, 2013.
"Ageing, productivity and wages in Austria,"
Labour Economics, Elsevier, vol. 22(C), pages 5-15.
- Mahlberg, Bernhard & Freund, Inga & Crespo Cuaresma, Jesús & Prskawetz, Alexia, 2011. "Ageing, productivity and wages in Austria," ECON WPS - Working Papers in Economic Theory and Policy 03/2011, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
- Stephan Kampelmann & François Rycx, 2012.
"Are Occupations Paid What They are Worth? An Econometric Study of Occupational Wage Inequality and Productivity,"
De Economist, Springer, vol. 160(3), pages 257-287, September.
- François Rycx & Stephan Kampelmann, 2011. "Are occupations paid what they are worth? An econometric study of occupational wage inequality and productivity," DULBEA Working Papers 11-11, ULB -- Universite Libre de Bruxelles.
- Kampelmann, Stephan & Rycx, François, 2011. "Are Occupations Paid What They Are Worth? An Econometric Study of Occupational Wage Inequality and Productivity," IZA Discussion Papers 5951, Institute of Labor Economics (IZA).
- Stephan Kampelmann & François Rycx, 2011. "Are occupations paid what they are worth? An econometric study of occupational wage inequality and productivity," Working Papers CEB 11-033, ULB -- Universite Libre de Bruxelles.
- Börsch-Supan, Axel & Weiss, Matthias, 2016.
"Productivity and age: Evidence from work teams at the assembly line,"
The Journal of the Economics of Ageing, Elsevier, vol. 7(C), pages 30-42.
- Börsch-Supan, Axel & Weiss, Matthias, 2011. "Productivity and age: Evidence from work teams at the assembly line," MEA discussion paper series 07148, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Börsch-Supan, A. & Weiss, M., 2013. "Productivity and age: Evidence from work teams at the assembly line," Research Memorandum 029, Maastricht University, Graduate School of Business and Economics (GSBE).
- Börsch-Supan, A. & Weiss, M., 2013. "Productivity and age: Evidence from work teams at the assembly line," ROA Research Memorandum 009, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- Weiss, Matthias & Börsch-Supan, Axel, 2011. "Productivity and age: Evidence from work teams at the assembly line," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48719, Verein für Socialpolitik / German Economic Association.
More about this item
Keywords
Labour productivity; Wages; Aging; Sports Labour Markets;All these keywords.
JEL classification:
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
- Z22 - Other Special Topics - - Sports Economics - - - Labor Issues
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGE-2022-10-03 (Economics of Ageing)
- NEP-CUL-2022-10-03 (Cultural Economics)
- NEP-HRM-2022-10-03 (Human Capital & Human Resource Management)
- NEP-LMA-2022-10-03 (Labor Markets - Supply, Demand, & Wages)
- NEP-LTV-2022-10-03 (Unemployment, Inequality & Poverty)
- NEP-SPO-2022-10-03 (Sports & Economics)
Statistics
Access and download statisticsCorrections
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:rdg:emxxdp:em-dp2022-07. 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: . General contact details of provider: https://edirc.repec.org/data/derdguk.html .
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: Alexander Mihailov (email available below). General contact details of provider: https://edirc.repec.org/data/derdguk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.