What Can International Cricket Teach Us About the Role of Luck in Labor Markets? PDF
By:Mr. Shekhar Aiyar,Mr. Rodney Ramcharan
Published on 2010-10-01 by International Monetary Fund
How important is luck in determining labor market outcomes? We address this question using a new dataset of all international test cricketers who debuted between 1950 and 1985. We present evidence that a player’s debut performance is strongly affected by an exogenous source of variation: whether the debut series is played at home or abroad. This allows us to identify the role of luck - factors unrelated to ability - in shaping future career outcomes. We find that players lucky enough to debut at home perform significantly better on debut. Moreover, debut performance has a large and persistent impact on long run career outcomes. We also make headway in empirically distinguishing between competing explanations for why exogenous initial conditions exercise a persistent impact on career performance
This Book was ranked at 41 by Google Books for keyword Other Team Sports.
Book ID of What Can International Cricket Teach Us About the Role of Luck in Labor Markets?'s Books is iFfQitbS-oEC, Book which was written byMr. Shekhar Aiyar,Mr. Rodney Ramcharanhave ETAG "iNxqATj84Xc"
Book which was published by International Monetary Fund since 2010-10-01 have ISBNs, ISBN 13 Code is 9781455209835 and ISBN 10 Code is 145520983X
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Book which have "29 Pages" is Printed at BOOK under CategoryBusiness and Economics
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