Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/234624 
Year of Publication: 
2021
Series/Report no.: 
CREMA Working Paper No. 2021-09
Publisher: 
Center for Research in Economics, Management and the Arts (CREMA), Zürich
Abstract: 
Despite the potential importance of awards as a possible career catalyst, the theoretical and empirical research on awards is still in its infancy. Here, we address this notable shortcoming in the economic literature by exploring data from German youth football. Analyzing whether an early career award, the so-called Fritz Walter Medal, significantly affects the awardee's career trajectory in a highly competitive environment, where performance differences are often hardly perceivable, we find that receiving an early career award seems, per se, to be a robust positive signal for a player's future career success. Intriguingly, though, both the award characteristics, that is, whether it is bestowed in gold, silver, or bronze, and also the exact age at which the awardee receives the bestowal only add limited explanatory power.
Subjects: 
Awards
career effects
football/soccer
incentives
personnel economics
signaling theory
JEL: 
A13
M52
J30
Z20
Document Type: 
Working Paper

Files in This Item:
File
Size
315.75 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.