The Value of College

Jason Winfree and Christopher J. Molitor
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Christopher J. Molitor: Eastern Washington University

Journal of Sports Economics, 2007, vol. 8, issue 4, 378-393

Abstract: This article investigates the decision of high school athletes to pursue college educations or play professional sports immediately after high school. Using salary, draft, and playing data for Major League Baseball, along with minor league playing data, the authors estimate the lifetime earnings of drafted high school baseball players. The results show that players drafted in higher rounds with more ability should enter professional baseball, but players drafted in lower rounds have higher expected earnings if they attend college. The authors also find that in 2003, players' decisions were highly correlated with the difference in expected lifetime earnings.

Keywords: Major League Baseball; education (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:jospec:v:8:y:2007:i:4:p:378-393

DOI: 10.1177/1527002506287700

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