Awards are career catalysts for young talents in highly competitive job markets

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CREMA Working Paper ; No. 2021-09

Classification and Topics

• Classification: Wirtschaft ; Relation of Economics to Social Values ; Personnel Economics: Compensation and Compensation Methods and Their Effects ; Wages, Compensation, and Labor Costs: General ; Sports Economics: General
• Subject: Awards ; career effects ; football/soccer ; incentives ; personnel economics ; signaling theory

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bünning, Florian ; Chan, Ben ; Schmidt, Sascha Leonard ; Schreyer, Dominik ; Torgler, Benno
• Event: Veröffentlichung
• (who): Center for Research in Economics, Management and the Arts (CREMA)
• (where): Zürich
• (when): 2021

Further information

• Handle: http://hdl.handle.net/10419/234624
• Last update: 10.03.2025, 11:43 AM CET