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We study human capital reallocation following firm-specific idiosyncratic shocks. Theory offers diverging predictions as to whether human capital gets reallocated to its most productive use following these shocks. To empirically test these predictions, we focus on relegation battles in the...
Persistent link: https://www.econbiz.de/10012938751
performance later. In this paper, we exploit high-frequency data on decision-making by Major League Baseball umpires to examine …
Persistent link: https://www.econbiz.de/10012585406
Intercollegiate amateur athletics in the US largely bars student-athletes from sharing in any of the profits generated by their participation, which creates substantial economic rents for universities. These rents are primarily generated by men's football and men's basketball programs. We...
Persistent link: https://www.econbiz.de/10012481282
pitch type in Major League Baseball and whether to run or pass in the National Football League. We observe more than three … million pitches in baseball and 125,000 play choices for football. We find systematic deviations from minimax play in both … errors could be worth as many as two additional victories a year to a Major League Baseball franchise, and more than a half …
Persistent link: https://www.econbiz.de/10012463303
This paper analyzes the dynamics of prices in two online secondary markets for Major League Baseball tickets …
Persistent link: https://www.econbiz.de/10012464142
The NBA provides an intriguing place to test for taste-based discrimination: referees and players are involved in repeated interactions in a high-pressure setting with referees making the type of split-second decisions that might allow implicit racial biases to manifest themselves. Moreover, the...
Persistent link: https://www.econbiz.de/10012465447
Machines increasingly replace people in routine job tasks. The remaining tasks require workers to make open-ended decisions and to have "soft" skills such as problem-solving, critical thinking and adaptability. This paper documents growing demand for decision-making and explores the consequences...
Persistent link: https://www.econbiz.de/10012510612
Several studies find that there is little sex gap in wages at labor market entry, and that the sex gap in wages emerges (and grows) with time in the labor market. This evidence is consistent with (i) there is little or no sex discrimination in wages at labor market entry, and (ii) the emergence...
Persistent link: https://www.econbiz.de/10012482410
Is lifetime inequality mainly due to differences across people established early in life or to differences in luck experienced over the working lifetime? We answer this question within a model that features idiosyncratic shocks to human capital, estimated directly from data, as well as...
Persistent link: https://www.econbiz.de/10012465430
I ask generally whether a country can benefit from the temporary importation of human capital, and specifically whether a program that attracts large groups of academic visitors to a distant country benefits it by generating additional scholarly research on local issues. Using the list of...
Persistent link: https://www.econbiz.de/10012467226