What makes you â€˜super-richâ€™? New evidence from an analysis of football playersâ€™ wages
Vincenzo Carrieri (),
Francesco Principe () and
Michele Raitano ()
Oxford Economic Papers, 2018, vol. 70, issue 4, 950-973
This article investigates the influence of performance, popularity, and bargaining power on â€˜super-earningsâ€™ 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 agentâ€™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 â€˜win and take allâ€™.
JEL-codes: C23 D31 J24 J31 L83 (search for similar items in EconPapers)
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