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|z 9781455208906
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|a Aiyar, Shekhar.
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|a What Can International Cricket Teach Us About the Role of Luck in Labor Markets? /
|c Shekhar Aiyar, Rodney Ramcharan.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
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|a 1 online resource (29 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a How important is luck in determining labor market outcomes? We address this question using a new dataset of all international test cricketers who debuted between 1950 and 1985. We present evidence that a player's debut performance is strongly affected by an exogenous source of variation: whether the debut series is played at home or abroad. This allows us to identify the role of luck - factors unrelated to ability - in shaping future career outcomes. We find that players lucky enough to debut at home perform significantly better on debut. Moreover, debut performance has a large and persistent impact on long run career outcomes. We also make headway in empirically distinguishing between competing explanations for why exogenous initial conditions exercise a persistent impact on career performance.
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|a Mode of access: Internet
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|a Ramcharan, Rodney.
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|a IMF Working Papers; Working Paper ;
|v No. 2010/225
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2010/225/001.2010.issue-225-en.xml
|z IMF e-Library
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