Hidden Bibliographic Details
| Other authors / contributors: | Ramcharan, Rodney, author.
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| ISBN: | 1283560801
9781283560801
9781455244614
1455244619
9781455208906
1455208906
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| Notes: | Includes bibliographical references.
Print version record.
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| Summary: | 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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| Other form: | Print version: Aiyar, Shekhar. What Can International Cricket Teach Us About the Role of Luck in Labor Markets? Washington : International Monetary Fund, ©2010 9781455208906
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