It is difficult to test the prediction that future career prospects create implicit effort incentives because researchers cannot randomly “assign” career prospects to economic agents. To overcome this challenge, we use data from professional soccer, where employees of the same club face...

It is difficult to test the prediction that future career prospects create implicit effort incentives because researchers cannot randomly “assign” career prospects to economic agents. To overcome this challenge, we use data from professional soccer, where employees of the same club face...

In this paper sport data are used to study the effects of manager replacement on firm performance. Using match results of the major Italian soccer league ("Series A") we analyze the effects of coach (manager) changes in terms of team performance. From our preliminary estimates, including year...

We present two models to estimate the relevance of managerial ability on performance and the managerial skills in keeping up cultural diversity. We use a large database on professional soccer in England. The manager can have an impact on performance only by improving economic efficiency or by...

We study the role of explicit and implicit incentives in a competitive labor market with no internal promotion opportunities. We find that explicit incentives explain only a small fraction of the total incentives, as the likelihood of new employment and renegotiation of current employment on...