The age-wage-productivity puzzle: Evidence from the careers of top earners

被引：1

作者：

Scarfe, Rachel ^{[1
]}

Singleton, Carl ^{[2
]}

Sunmoni, Adesola ^{[2
]}

Telemo, Paul ^{[3
]}

机构：

[1] Univ Edinburgh, Sch Econ, 31 Buccleuch Pl, Edinburgh EH8 9JT, Scotland

[2] Univ Reading, Dept Econ, Reading, England

[3] Univ Strathclyde, Dept Econ, Glasgow, Scotland

来源：

ECONOMIC INQUIRY | 2024年 / 62卷 / 02期

关键词：

ageing; labor productivity; sports labor markets; wages; LABOR-MARKET; EMPIRICAL-EVIDENCE; PLAYERS; PROFILES; WORKERS; JOB; PAY; SUPERSTARS; ECONOMICS; MOBILITY;

D O I：

10.1111/ecin.13191

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

There is an inverted u-shaped relationship between age and wages in most labor markets, but the effects of age on productivity are often unclear. We use panel data in a market of high earners, professional footballers (soccer players) in North America, to estimate age-productivity and age-wage profiles. We find stark differences; wages increase for several years after productivity has peaked, before dropping sharply at the end of a career. This poses the question: why are middle-aged workers seemingly overpaid? We investigate a range of possible mechanisms that could be responsible, only finding evidence that tentatively supports a talent discovery theory.

引用

页码：584 / 606

页数：23

共 41 条

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