Professional golf: Labor or leisure

Otis W. Gilley; Marc C Chopin

doi:10.1108/03074350010766774

Professional golf: Labor or leisure

Otis W. Gilley, Marc C Chopin

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

Although most labor and microeconomic textbooks contain a theoretical discussion of the backward-bending labor supply curve, scant empirical evidence of this phenomenon exists. In this paper we investigate the behavior of PGA golf professionals as they make laborleisure choices for performing on the PGA Tour. Using tournament theory to model this labor market and data from tournament performances over three separate years, we find significant evidence that higher paid PGA Tour players do indeed operate in the backward-bending region of their labor supply curves.

Original language	English (US)
Pages (from-to)	33-45
Number of pages	13
Journal	Managerial Finance
Volume	26
Issue number	7
DOIs	https://doi.org/10.1108/03074350010766774
State	Published - 2000
Externally published	Yes

Keywords

Economic theory
Financial incentives
Labour
Sport
Supply

ASJC Scopus subject areas

Finance
Strategy and Management

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10.1108/03074350010766774

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AB - Although most labor and microeconomic textbooks contain a theoretical discussion of the backward-bending labor supply curve, scant empirical evidence of this phenomenon exists. In this paper we investigate the behavior of PGA golf professionals as they make laborleisure choices for performing on the PGA Tour. Using tournament theory to model this labor market and data from tournament performances over three separate years, we find significant evidence that higher paid PGA Tour players do indeed operate in the backward-bending region of their labor supply curves.

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KW - Supply

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Professional golf: Labor or leisure

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

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