Contract Length and the Return to Performance in Major League Baseball
This article focuses on the relationship between contract length and compensation in Major League Baseball. Because the best players receive both the highest salaries and the longest contracts, wage regressions that omit length can lead to misleading inferences. Although contract duration is positively related with salaries, the authors find evidence of a negative relationship between contract length and a player’s return to performance. These results indicate some type of trade-off going on in the negotiation process that has not been identified in the previous literature on compensating wage differentials.
Year of publication: |
2002
|
---|---|
Authors: | Krautmann, Anthony C. ; Oppenheimer, Margaret |
Published in: |
Journal of Sports Economics. - Vol. 3.2002, 1, p. 6-17
|
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Contract length and the return to performance in major league baseball
Krautmann, Anthony Charles, (2002)
-
Arbitration awards in discrimination disputes : an empirical analysis
Oppenheimer, Margaret, (1979)
-
Regional long-term and short-term unemployment and education in transition : the case of Poland
Mondschean, Thomas S., (2011)
- More ...