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Precocity and labor market outcomes: Evidence from professional basketball

Author

Listed:
  • Ryan M. Rodenberg

    (Florida State University)

  • Jun Woo Kim

    (Florida State University)

Abstract

We show that precocity, as measured by the age of entry into the elite-level professional basketball labor pool, often leads to better career outcomes. Our findings cast doubt on the on-court efficacy of the National Basketball Association's contentious age eligibility rule.

Suggested Citation

  • Ryan M. Rodenberg & Jun Woo Kim, 2011. "Precocity and labor market outcomes: Evidence from professional basketball," Economics Bulletin, AccessEcon, vol. 31(3), pages 2185-2190.
    • Handle: RePEc:ebl:ecbull:eb-11-00248
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    File URL: http://www.accessecon.com/Pubs/EB/2011/Volume31/EB-11-V31-I3-P198.pdf
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    References listed on IDEAS

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    2. David Berri & Stacey Brook & Aju Fenn, 2011. "From college to the pros: predicting the NBA amateur player draft," Journal of Productivity Analysis, Springer, vol. 35(1), pages 25-35, February.
    3. Peter Groothuis & James Richard Hill & Timothy Perri, 2009. "The dilemma of choosing talent: Michael Jordans are hard to find," Applied Economics, Taylor & Francis Journals, vol. 41(25), pages 3193-3198.
    4. Daron Acemoglu, 1996. "A Microfoundation for Social Increasing Returns in Human Capital Accumulation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(3), pages 779-804.
    5. Clifford B. Sowell & Wm. Stewart Mounts Jr., 2005. "Ability, Age, and Performance," Journal of Sports Economics, , vol. 6(1), pages 78-97, February.
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    7. Rosen, Sherwin, 1983. "Specialization and Human Capital," Journal of Labor Economics, University of Chicago Press, vol. 1(1), pages 43-49, January.
    8. Lawrence M. Kahn, 2000. "The Sports Business as a Labor Market Laboratory," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 75-94, Summer.
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    Citations

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    Cited by:

    1. Joshua D. Pitts & Brent Evans, 2019. "Drafting for Success: How Good Are NFL Teams at Identifying Future Productivity at Offensive-Skill Positions in the Draft?," The American Economist, Sage Publications, vol. 64(1), pages 102-122, March.
    2. Ryan M. Rodenberg, 2013. "The goals and impacts of age restrictions in sports," Chapters, in: Eva Marikova Leeds & Michael A. Leeds (ed.), Handbook on the Economics of Women in Sports, chapter 8, pages 156-172, Edward Elgar Publishing.
    3. Brent A. Evans & Joshua D. Pitts & Chris Clark, 2021. "Is the NBA Summer League Predictive of Performance for NBA Rookies?," Journal of Sports Economics, , vol. 22(2), pages 164-182, February.
    4. Rodenberg Ryan & Kim Jun Woo, 2012. "Testing the On-Court Efficacy of the NBA's Age Eligibility Rule," Journal of Quantitative Analysis in Sports, De Gruyter, vol. 8(2), pages 1-23, June.

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    More about this item

    Keywords

    Age Rules; Labor Policies; Basketball;
    All these keywords.

    JEL classification:

    • J8 - Labor and Demographic Economics - - Labor Standards
    • J4 - Labor and Demographic Economics - - Particular Labor Markets

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