Are You Ready for Some Football? Estimating the Effect of American Football Season on Labor Supply in the United States
Luke Petach and
Journal of Sports Economics, 2021, vol. 22, issue 8, 893-920
American football season reduces the Monday labor hours of employed men by two-thirds of an hour. A similar effect is found for Friday labor hours. We term these effects the â€œhangover effectâ€ and â€œhappy hour effect.â€ Consistent with a wide class of labor market models, the labor supply effect varies over the business cycle, increasing in expansions. The hangover effect implies an intertemporal elasticity of labor supply on the order of 0.014. Evaluated at the median hourly wage, our estimates imply an annual economic cost of foregone earnings associated with football season in the neighborhood of $5.06 billion.
Keywords: labor supply; American football; decision making (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jospec:v:22:y:2021:i:8:p:893-920
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