This article investigates the influence of performance, popularity, and bargaining power on ‘super-earnings’ using a unique panel dataset of Italian football players built on various sources of data. Using OLS, Panel, and Unconditional Quantile regression techniques, we find that detailed measures of these factors are all significantly associated with higher wages. Popularity dominates all the other factors at the right tail of earnings distribution, and the agent’s power contributes mostly to allocate players in richer teams. These new findings challenge the interpretations of super-earnings based only on very talented workers who ‘win and take all’.
What makes you ‘super-rich’? New evidence from an analysis of football players’ earnings / Carrieri, Vincenzo; Principe, Francesco; Raitano, Michele. - In: OXFORD ECONOMIC PAPERS. - ISSN 1464-3812. - online first:(2018), pp. 1-24. [10.1093/oep/gpy025]
What makes you ‘super-rich’? New evidence from an analysis of football players’ earnings
Raitano Michele
2018
Abstract
This article investigates the influence of performance, popularity, and bargaining power on ‘super-earnings’ using a unique panel dataset of Italian football players built on various sources of data. Using OLS, Panel, and Unconditional Quantile regression techniques, we find that detailed measures of these factors are all significantly associated with higher wages. Popularity dominates all the other factors at the right tail of earnings distribution, and the agent’s power contributes mostly to allocate players in richer teams. These new findings challenge the interpretations of super-earnings based only on very talented workers who ‘win and take all’.File | Dimensione | Formato | |
---|---|---|---|
Carrieri_What-makes_2018.pdf
solo gestori archivio
Tipologia:
Versione editoriale (versione pubblicata con il layout dell'editore)
Licenza:
Tutti i diritti riservati (All rights reserved)
Dimensione
453.72 kB
Formato
Adobe PDF
|
453.72 kB | Adobe PDF | Contatta l'autore |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.