Universität zu Köln

Deutscher, Christian ORCID: 0000-0002-3714-3326, Gürtler, Oliver ORCID: 0000-0001-7792-5325, Prinz, Joachim and Weimar, Daniel ORCID: 0000-0002-8903-0374 (2017). THE PAYOFF TO CONSISTENCY IN PERFORMANCE. Economic Inquiry, 55 (2). 1091 - 1103. HOBOKEN: Wiley-Blackwell. ISSN 1465-7295

Full text not available from this repository.

Abstract

This study investigates whether firms are willing to pay higher wages to workers who demonstrate consistent performance than to those whose performance is more volatile. A formal model reflects a production technology view, assuming the law of diminishing marginal product. This model suggests that a more consistent worker produces higher expected output and therefore receives a higher wage. The test of the model uses data from the National Basketball Association. The empirical data support the model: Players whose performances were more consistent than the performances of other players received higher wages on average. (JEL D41, J31, M52, Z20)

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Deutscher, Christian UNSPECIFIED orcid.org/0000-0002-3714-3326 UNSPECIFIED Gürtler, Oliver UNSPECIFIED orcid.org/0000-0001-7792-5325 UNSPECIFIED Prinz, Joachim UNSPECIFIED UNSPECIFIED UNSPECIFIED Weimar, Daniel UNSPECIFIED orcid.org/0000-0002-8903-0374 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-235898
DOI:	10.1111/ecin.12415
Journal or Publication Title:	Economic Inquiry
Volume:	55
Number:	2
Page Range:	1091 - 1103
Date:	2017
Publisher:	Wiley-Blackwell
Place of Publication:	HOBOKEN
ISSN:	1465-7295
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Center of Excellence C-SEB Faculty of Management, Economics and Social Sciences > Economics > Microeconomics, Institutions and markets > Professorship for Economics
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language PROFESSIONAL BASKETBALL; LABOR-MARKET; FOOTBALL PLAYERS; DISCRIMINATION; PROMOTION; WAGE; NBA; TOURNAMENTS; SPORTS English Economics English
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/23589