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Gains from specialization and free agency:the story from the gridiron

Simmons, Robert and Berri, David J. (2009) Gains from specialization and free agency:the story from the gridiron. Review of Industrial Organization, 34 (1). pp. 81-98. ISSN 0889-938X

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    Abstract

    In the field of personnel economics, there are few opportunities to convincingly test for salary returns to specialization as against versatility. This paper performs such a test by modeling returns to performance measures associated with two different skills practiced by running backs in the National Football League. We find gains to both specialization and free agency with substantial predicted differences in returns for alternative skills. These differences vary across the salary distribution. In the top half of the salary distribution, model simulations show that specialists in either particular skill generate higher marginal returns than do versatile players.

    Item Type: Article
    Journal or Publication Title: Review of Industrial Organization
    Uncontrolled Keywords: Free agency ; National Football League ; Salary ; Specialization
    Subjects: UNSPECIFIED
    Departments: Lancaster University Management School > Economics
    ID Code: 45329
    Deposited By: ep_importer_pure
    Deposited On: 11 Jul 2011 19:30
    Refereed?: Yes
    Published?: Published
    Last Modified: 16 Apr 2013 16:23
    Identification Number:
    URI: http://eprints.lancs.ac.uk/id/eprint/45329

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