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What makes you "super-rich"? New evidence from an analysis of football players' earnings

Vincenzo Carrieri (), Francesco Principe () and Michele Raitano ()

No 681, Ruhr Economic Papers from RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

Abstract: This article investigates the influence of performance, popularity and power on "superearnings" 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 agent'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 "win and take all".

Keywords: superstars; top incomes; football players' earnings; panel data; unconditional quantile regressions (search for similar items in EconPapers)
JEL-codes: C23 D31 J24 J31 L83 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-hrm and nep-spo
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:rwirep:681

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