EconPapers    
Economics at your fingertips  
 

Bankruptcy Rates among NFL Players with Short-Lived Income Spikes

Kyle Carlson, Joshua Kim, Annamaria Lusardi () and Colin F. Camerer

American Economic Review, 2015, vol. 105, issue 5, 381-84

Abstract: We test for consumption smoothing using bankruptcy data on players in the National Football League (NFL), who typically earn several million dollars during an income spike that lasts a few years. The life-cycle hypothesis predicts that players should save substantially while playing and then have little risk of bankruptcy post-NFL. However, players in our sample begin to file for bankruptcy soon after they stop playing and continue filing at a high rate through at least the first 12 years of retirement. Players' total earnings and career lengths have surprisingly little effect on the risk of bankruptcy.

JEL-codes: D14 J44 L83 Z22 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/aer.p20151038
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/aer.p20151038 (application/pdf)
https://www.aeaweb.org/aer/ds/10505/P2015_1038_ds.zip (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: Bankruptcy Rates among NFL Players with Short-Lived Income Spikes (2015) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:105:y:2015:i:5:p:381-84

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

 
Page updated 2019-05-18
Handle: RePEc:aea:aecrev:v:105:y:2015:i:5:p:381-84