Leveling the playing field: The distributional impact of maximum- and minimum-level contracts on player compensation

IF 1.7 4区经济学 Q2 ECONOMICS

Contemporary Economic Policy Pub Date : 2023-07-31 DOI:10.1111/coep.12621

Scott M. Kaplan

引用次数: 0

Abstract

How does the presence of maximum- and minimum-level contract restrictions impact (i) superstar compensation and (ii) the distribution of compensation across an industry? Using ticket price and observed player talent data from the National Basketball Association (NBA), I estimate expected salaries for each player as well as their value to the NBA as a whole. I find the ratio of actual to expected salary is 2.8%–56.9% for the most talented players, resulting in subsidization to less talented players. The findings also suggest the most talented players generate significantly more value to the NBA than their actual and expected salaries.

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公平的竞争环境:最高和最低水平的合同对球员薪酬的分配影响

最高级别和最低级别合同限制的存在如何影响（i）超级巨星的薪酬和（ii）整个行业的薪酬分配？我利用全美篮球协会（NBA）的票价和观察到的球员天赋数据，估算了每位球员的预期薪水以及他们对整个 NBA 的价值。我发现，最有天赋的球员的实际工资与预期工资之比为 2.8%-56.9%，这导致了对天赋较差球员的补贴。研究结果还表明，最有天赋的球员为 NBA 带来的价值远远高于他们的实际工资和预期工资。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Contemporary Economic Policy Multiple-

CiteScore

3.10

自引率

6.70%

发文量

期刊介绍： Contemporary Economic Policy publishes scholarly economic research and analysis on issues of vital concern to business, government, and other decision makers. Leading western scholars, including three Nobel laureates, are among CEP"s authors. The objectives are to communicate results of high quality economic analysis to policymakers, focus high quality research and analysis on current policy issues of widespread concern, increase knowledge among economists of features of the economy key to understanding the impact of policy, and to advance methods of policy analysis.