[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
IDEAS home Printed from https://ideas.repec.org/p/cra/wpaper/2021-09.html
   My bibliography  Save this paper

Awards are career catalysts for young talents in highly competitive job markets

Author

Listed:
  • Florian Bünning
  • Ben Chan
  • Sascha L. Schmidt
  • Dominik Schreyer
  • Benno Torgle
Abstract
Despite the potential importance of awards as a possible career catalyst, the theoretical and empirical research on awards is still in its infancy. Here, we address this notable shortcoming in the economic literature by exploring data from German youth football. Analyzing whether an early career award, the so-called Fritz Walter Medal, significantly affects the awardee’s career trajectory in a highly competitive environment, where performance differences are often hardly perceivable, we find that receiving an early career award seems, per se, to be a robust positive signal for a player’s future career success. Intriguingly, though, both the award characteristics, that is, whether it is bestowed in gold, silver, or bronze, and also the exact age at which the awardee receives the bestowal only add limited explanatory power.

Suggested Citation

  • Florian Bünning & Ben Chan & Sascha L. Schmidt & Dominik Schreyer & Benno Torgle, 2021. "Awards are career catalysts for young talents in highly competitive job markets," CREMA Working Paper Series 2021-09, Center for Research in Economics, Management and the Arts (CREMA).
    • Handle: RePEc:cra:wpaper:2021-09
    as

    Download full text from publisher

    File URL: https://www.crema-research.ch/papers/2021-09.pdf
    File Function: Full Text
    Download Restriction: no
    File URL: https://www.crema-research.ch/abstracts/2021-09.htm
    File Function: Abstract
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Awards; career effects; football/soccer; incentives; personnel economics;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • Z20 - Other Special Topics - - Sports Economics - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cra:wpaper:2021-09. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna-Lea Werlen (email available below). General contact details of provider: https://edirc.repec.org/data/cremach.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.