On the endogeneity of the pay-performance relationship in professional soccer
In this reply we show that the Nüesch (2009) comment paper to our initial contribution (Torgler and Schmidt 2007) has several shortcomings. He suggests that professional soccer wages seem to buy talent rather than motivation. We therefore provide a larger set of talent proxies and estimations to check whether this assertion is correct. Our results indicate that his conclusion is problematic. We still observe a strong motivational effect, and in some cases the effect is even larger than the talent effect. A further key problem in Nüesch’s contribution is the fact that he neglects to consider the relevance of the relative salary situation.
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|Item Type:||Journal Article|
|Additional Information:||Document unavailable pending publisher permission|
|Keywords:||Endogeneity, Professional Soccer, Motivational Effect , Talent Effect|
|Subjects:||Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Labour Economics (140211)|
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Applied Economics not elsewhere classified (140299)
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
Current > Schools > School of Economics & Finance
|Copyright Owner:||Copyright 2010 Empirical Economic Letters|
|Deposited On:||22 Oct 2010 11:16|
|Last Modified:||01 Mar 2012 00:22|
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