As a social science that primarily deals with the social aspect of the production, distribution, trade and consumption of goods and services — its theories are widely used in business, government and finance operations.
Does pay inequality within a team affect performance? Introduction The business of sports draws considerable attention from the media and the general public. Fans and sports writers frequently speculate about the effects of money on athletic performance.
There is general agreement that more financial resources usually lead to better athletic performance. In team sports, higher pay can be used to lure better players from other teams and therefore improve performance.
However, performance can also be affected by pay inequality among players within a team. On the one hand, pay inequality could have a negative effect because it may hinder cooperation among team members.
In many sports, team cooperation is critical for good performance. If pay inequality creates tensions or animosity among team members, performance is likely to suffer. On the other hand, inequality could have a positive effect on performance by providing incentives. Pay inequality might also enhance performance if low paid players learn from high paid players.
This would happen when pay inequality is associated with skill inequality. For example, if a highly paid superstar can teach other players, the overall performance of a team may improve.
Given that arguments can be made both ways, it is not surprising that there is little agreement on the effects of pay inequality on team performance.
The purpose of this paper is to determine whether, on balance, the effect of pay inequality on performance is positive or negative. First, team managers can use this information to make decisions about which players to hire.
For example, should they hire one expensive superstar and two inexpensive players, or three medium-priced players? If we find that pay inequality leads to poor team performance, then the team may perform better with three medium-priced players than one superstar and two low-priced players.
Second, because salaries are a large part of contract negotiations between player associations and team owners, understanding the effects of pay inequality on performance can help determine optimal policies.
For example, if pay inequality has a negative effect on performance, an argument for a higher minimum salary could be made. There are a number of studies that look at the effects of pay inequality on performance.
They find that pay inequality is associated with poor performance. Frick, Prinze and Winklemann look at the effects of pay inequality in all four major leagues in North America. They find that inequality improves team performance in basketball and worsens team performance in baseball.
They find no statistically significant effect of inequality on performance in football and hockey. This paper looks at the effects of inequality on performance in MLB.
It differs from that of DeBrock, Hendricks and Koenker in that it uses the most recent data. While the previous authors use data from throughI use data from the latest two seasons: Another difference is that I use a different measure of pay inequality.This is a sample research paper for an introductory course in econometrics.
It shows how to communicate econometric work in written form. The paper integrates many writing instructions and rules into a single example and shows how they all fit together.
We stay up-to-date about all the latest trends in this business and write even the most complicated papers. We make sure the works you receive are % original and custom written.
In addition, Affordable-Paper writers always provide detailed research. Tips on How to Write a Good Thesis Paper.
An academic thesis is a paper written by students who are pretty close to earning an academic degree. It is the name typically given to the major document candidates compose to earn a Master’s degree or an MBA, but it can also be used to describe a PhD dissertation or even a culminating study a college student completes at the end of an undergraduate.
Writing Tips For Economics Research Papers Plamen Nikolov, Harvard University y June 10, and is a avluable lesson for potential thesis writers. ouY will get a lower grade if your writing is ungrammatical, Figure out the one central and novel contribution of your paper.
Write this down in one para-graph. As with all your writing. Example abstracts. Your thesis abstract is the first thing people read when looking for research papers. It appears in search results and is the key to researchers finding out whether your paper fits their needs. The economy of today has turned out to be very competitive, and, therefore, a microeconomic essay should have serious considerations.
Such a paper is designed to make a student look more keenly on the issues under consideration.