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Economic Return on Schooling for Soccer Players

Author

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  • Carlos Pestana Barros

    (Technical University of Lisbon (ISEG))

Abstract

This article tests the relationship between earnings and schooling for male footballers of the Portuguese Football League, using data from a questionnaire carried out in the Lisbon area between January and April 2000. The author verifies that the sports market barely compensates the cost of education in accordance with the theory on the economic return on schooling; rather, it rewards talent in accordance with the theory on stardom. This finding is consistent with all currently available international evidence on the issue. Moreover, the article finds a significant positive association between earnings and professional status, union membership, the division in which the club competes, and the player’s performance.

Suggested Citation

  • Carlos Pestana Barros, 2001. "Economic Return on Schooling for Soccer Players," Journal of Sports Economics, , vol. 2(4), pages 369-378, November.
    • Handle: RePEc:sae:jospec:v:2:y:2001:i:4:p:369-378
    DOI: 10.1177/152700250100200405
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    References listed on IDEAS

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    Cited by:

    1. Luca Fumarco & Giambattista Rossi, 2015. "Relative Age Effect on Labor Market Outcomes for High Skilled Workers – Evidence from Soccer," Management Working Papers 9, Birkbeck Department of Management, revised Mar 2015.
    2. C. Barros & F. Alves, 2003. "Human capital theory and social capital theory on sports management," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 9(3), pages 218-226, August.
    3. Maribel Serna Rodríguez & Andrés Ramírez Hassan & Alexander Coad, 2019. "Uncovering Value Drivers of High Performance Soccer Players," Journal of Sports Economics, , vol. 20(6), pages 819-849, August.
    4. Néstor Gandelman, 2009. "Selection Biases in Sports Markets," Journal of Sports Economics, , vol. 10(5), pages 502-521, October.
    5. Alexandre Olbrecht, 2007. "The economic return to college attendance for major league baseball players," Applied Economics Letters, Taylor & Francis Journals, vol. 14(13), pages 981-985.

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