The Effects of College Education on Career Earnings in the NBA

George Langelett, Kuo-Liang Chang and Michael Haupert ()
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George Langelett: South Dakota State University
Kuo-Liang Chang: South Dakota State University

Journal of Economic Insight, 2013, vol. 39, issue 1, 25-44

Abstract: The purpose of our research is to investigate whether the high school basketball player is better off attending or forgoing his college career to enter the NBA directly out of high school. We measure “better off” by total salary earned in the first ten years of a player’s NBA career. Using both OLS and a Heckit model, to control for possible sample selection bias, our results suggest that although college is an investment period for athletes, rational athletes do understand the opportunity cost of each year spent in college, with the most talented players forgoing their college education altogether.

JEL-codes: J30 J44 J50 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:mve:journl:v:39:y:2013:i:1:p:25-44

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