In an influential article, “Unraveling in Matching Markets,"Li and Rosen (1998) note that the first 7 picks, and 17 among 29 first-round selections, of the 1997 National Basketball Association (NBA) draft were not college seniors. By 2004, the first pick was a high school senior, and 25 of...

Economic literature has identified two potential types of racial discrimination in sports careers: exit discrimination and wage discrimination. The authors test for both types of discrimination in National Basketball Association (NBA) data in two ways. First using a modified Heckman procedure,...