Returns to Education in Professional Football
Copyright policy )Returns to Education in Professional Football
Abstract After three years in college, football players face a trade-off between spending more time in college and pursuing a career in the National Football League (NFL). We analyze the salaries for rookies in the NFL and instrument the endogenous decision to enter the professional market with the month of birth (relative age effect). A player enjoys a 6 percent higher starting salary in the NFL for each additional year with the college team. The returns to education in professional sports are sizable and similar to returns to formal education.
ddc:330, Bildungsertrag, returns to education, NFL, Fußballsport, Professioneller Sport, labor markets in sports, returns to education, ability bias, NFL, NFL, returns to education, ability bias, labor markets in sports, J31, labor markets in sports, ability bias, USA, Schätzung, jel: jel:J31
ddc:330, Bildungsertrag, returns to education, NFL, Fußballsport, Professioneller Sport, labor markets in sports, returns to education, ability bias, NFL, NFL, returns to education, ability bias, labor markets in sports, J31, labor markets in sports, ability bias, USA, Schätzung, jel: jel:J31
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