Non-compete Agreements, Wages and Efficiency: Theory and Evidence from Brazilian Football
نویسندگان
چکیده
We propose a model to study non-compete agreements and evaluate their quantitative effects. explore an exogenous policy change that removed clauses in the market for Brazilian footballers, Pele Act of 1998. The raised players' lifetime income but changed wage profile heterogeneous way, reducing young salaries. structurally estimate model's parameters by matching wages turnover profiles post period. By changing single parameter related friction, we can match changes age-earnings profile. then show bulk gains is due distributional forces, with efficiency playing minor role.
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3942192