Article

Labor Supply and Human Capital Formation in Professional Team Sports

Bill Gerrard

in The Oxford Handbook of Sports Economics

Published in print April 2012 | ISBN: 9780195387773
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195387773.013.0015

Series: Oxford Handbooks

Labor Supply and Human Capital Formation in Professional Team Sports

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This chapter uses a variety of economic models to examine the success of teams in the Football Association (FA) Premier League in England. A short review of the relevant literature on coaching efficiency and the resource-based view of the firm and a multidimensional human capital model of team performance is presented. Additionally, an initial empirical application of the multidimensional human capital model is provided by exploring labor supply and human capital formation in the FA Premier League in England, the leading domestic soccer league globally in financial terms. The chapter then offers a summary of the principal theoretical and empirical findings, some discussion of the limitations of the proposed model, and suggestions for future research. It has been shown that the English Premiership has the highest penetration rate by foreign players among the top European soccer leagues. European soccer coaches continue to place value on home-grown talent.

Keywords: Football Association; England; economic models; coaching; multidimensional human capital; team performance; foreign players; soccer

Article.  7543 words. 

Subjects: Economics ; Industry Studies ; Labour and Demographic Economics

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