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http://hdl.handle.net/1893/35707| Appears in Collections: | Economics Journal Articles |
| Peer Review Status: | Refereed |
| Title: | The age‐wage‐productivity puzzle: Evidence from the careers of top earners |
| Author(s): | Scarfe, Rachel Singleton, Carl Sunmoni, Adesola Telemo, Paul |
| Contact Email: | carl.singleton@stir.ac.uk |
| Keywords: | ageing labor productivity sports labor markets wages |
| Issue Date: | Apr-2024 |
| Date Deposited: | 9-Jan-2024 |
| Citation: | Scarfe R, Singleton C, Sunmoni A & Telemo P (2024) The age‐wage‐productivity puzzle: Evidence from the careers of top earners. <i>Economic Inquiry</i>, 62 (2), pp. 584-606. https://doi.org/10.1111/ecin.13191 |
| Abstract: | There is an inverted u-shaped relationship between age and wages in most labor markets, but the effects of age on productivity are often unclear. We use panel data in a market of high earners, professional footballers (soccer players) in North America, to estimate age-productivity and age-wage profiles. We find stark differences; wages increase for several years after productivity has peaked, before dropping sharply at the end of a career. This poses the question: why are middle-aged workers seemingly overpaid? We investigate a range of possible mechanisms that could be responsible, only finding evidence that tentatively supports a talent discovery theory. |
| DOI Link: | 10.1111/ecin.13191 |
| Rights: | © 2023 The Authors. Economic Inquiry published by Wiley Periodicals LLC on behalf of Western Economic Association International. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited. |
| Licence URL(s): | http://creativecommons.org/licenses/by/4.0/ |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Economic Inquiry - 2Scarfe-EI-2024.pdf | Fulltext - Published Version | 1.26 MB | Adobe PDF | View/Open |
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