Universität zu Köln

Deutscher, Christian ORCID: 0000-0002-3714-3326, Guertler, Oliver, Prinz, Joachim and Weimar, Daniel (2017). THE PAYOFF TO CONSISTENCY IN PERFORMANCE. Econ. Inq., 55 (2). S. 1091 - 1104. HOBOKEN: WILEY. ISSN 1465-7295

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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 Guertler, Oliver UNSPECIFIED UNSPECIFIED UNSPECIFIED Prinz, Joachim UNSPECIFIED UNSPECIFIED UNSPECIFIED Weimar, Daniel UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-235898
DOI:	10.1111/ecin.12415
Journal or Publication Title:	Econ. Inq.
Volume:	55
Number:	2
Page Range:	S. 1091 - 1104
Date:	2017
Publisher:	WILEY
Place of Publication:	HOBOKEN
ISSN:	1465-7295
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language PROFESSIONAL BASKETBALL; LABOR-MARKET; FOOTBALL PLAYERS; DISCRIMINATION; PROMOTION; WAGE; NBA; TOURNAMENTS; SPORTS Multiple languages Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/23589