EconPapers    
Economics at your fingertips  
 

Labor Supply on the PGA TOUR

Thomas Rhoads ()

Journal of Sports Economics, 2007, vol. 8, issue 1, 83-98

Abstract: The unique nature of the PGA TOUR allows exempt players to have a large measure of discretion in the number of tournaments they enter in a given year. Recent policy changes on the PGA TOUR suggest that TOUR players may be responsive to exemption status and expected earnings. Using the previous year’s real earnings per event as a proxy for expected earnings and controlling for player effects and exemption status, ordinary least squares results indicate that players’ annual entry decisions change with an exemption status change but not with higher expected earnings. An exempt, non-elite PGA TOUR player whose exemption is set to expire in at least 2 years enters slightly fewer tournaments, whereas an increase in expected earnings has no effect on tournaments entered. This suggests that the PGA TOUR would do well not to ignore possible effects of future policy changes on player annual entry decisions.

Keywords: individual sports; labor supply; golf (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://jse.sagepub.com/content/8/1/83.abstract (text/html)

Related works:
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:sae:jospec:v:8:y:2007:i:1:p:83-98

Access Statistics for this article

More articles in Journal of Sports Economics
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2020-10-27
Handle: RePEc:sae:jospec:v:8:y:2007:i:1:p:83-98