Diamonds are Forever: Job-Matching and Career Success of Young Workers

Göke Stefan (), Prinz Joachim and Weimar Daniel ()
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Göke Stefan: Department of Management, University of Paderborn, Warburger Str. 100, 33098 Paderborn, Germany
Prinz Joachim: Department of Managerial Economics, University of Duisburg-Essen, Lotharstrasse 53, 47057 Duisburg, Germany
Weimar Daniel: Department of Managerial Economics, University of Duisburg- Essen, Lotharstrasse 53, 47057 Duisburg, Germany

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2014, vol. 234, issue 4, 450-473

Abstract: This study addresses the probability of young workers seeking for promotion after vocational training. By applying semi-parametric duration analysis with competing risks to a dataset of 17 youth rosters, each of them winner of either DFB-U19-Bundesliga or DFB-Youth-Cup between 1998/1999 and 2010/2011, the following paper tests some predictions that have emerged from Jovanovic’s (1979) matching theory. By running a youth academy a club assembles private information in order to decrease information deficits about a youth player’s performance. Findings from a database that covers 270 German youth players indicate that productivity, tenure and job seniority are key determinants for a successful debut with the home club. These results were not detected for potential debuts with an outside team after finishing youth engagement.

Keywords: Career duration; matching theory; survival analysis; competing risks; football; youth academies (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:234:y:2014:i:4:p:450-473

DOI: 10.1515/jbnst-2014-0402

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