The upside potential of hiring risky workers: Evidence from the baseball industry

• 成果类型: Article
• 署名作者: Bollinger, CR; Hotchkiss, JL
• 署名单位: University of Kentucky; University System of Georgia; Georgia State University; Federal Reserve System - USA; Federal Reserve Bank - Atlanta
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/377027
• 发表日期: 2003
• 页码: 923-944
• 关键词: sports; MODEL

摘要

Making use of performance data for baseball players, this article provides empirical evidence in support of Lazear's ( 1998) theoretical predictions that ( 1) risky workers will earn a premium for their upside potential, ( 2) this risk premium will be higher the longer a worker's work life, and ( 3) firms must enjoy some comparative advantage in the labor market to be willing to pay a premium to risky workers. The validity of Lazear's predictions carries implications for wage differentials between young and old workers and between men and women.