Salary Distribution and Performance: Evidence from the National Hockey League
نویسندگان
چکیده
This study examines the relationship between salary distribution and performance using the four most recent completed seasons of the National Hockey League (NHL). The first approach pursues the effect of salary inequality on team performance using end-of-season team outcomes. The second approach focuses on the relationships between salary inequality and the distribution of individual performance and of teamwork by exploiting the incentive tradeoffs amongst linemen on a given team. Both approaches offer a unified view of a positive relationship between salary inequality and performance, which is driven by a star effect in the upper-half of the salary distribution, rather than by a journeyman effect in the lower-half. Thus, buying a key player (superstar) at a high salary produces good results according to the measures of performance.
منابع مشابه
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