Craig A. Depken
Peter A. Groothuis
& Kurt W. Rotthoff

Within-family career following is common in many occupations, including law, politics, business, agriculture, medicine, entertainment, and professional sports. For children who enter the same career as their parents there are several potential benefits: physical-capital transfer, human-capital transfer, brand-name-loyalty transfer, or nepotism. In Formula One (F1) auto racing, career following is also common; many drivers follow their father or brother into racing. Using a panel describing F1 drivers from 1950–2017, we find that brothers of drivers appear to benefit from human capital...Read more

Pamela Wicker
Joachim Prinz
Daniel Weimar
Christian Deutscher
Thorsten Upmann

Several determinants of player values like productivity and human capital have been investigated in previous research; however, the influence of individual effort has been neglected. This study assumes that effort could be a signaling device and analyzes the effect of effort on market values of soccer players. Secondary data on player statistics and market values from the 2011/2012 season and the first half of the 2012/2013 season of the German Bundesliga were collected (n=877). Technical innovations that record routes and running distances in soccer allow using total running distance and...Read more

Daniel Larson
Joel Maxcy

The economic structure of the industry of cycling coaches has yet to be the subject of any apparent published inquiry. This study describes the basic characteristics of practicing cycling coaches and presents economic models of the determinants of commercial success for individual coaches. Data were collected through an independent survey of current and former U.S.A. Cycling (USAC) coaches in 2010 (N = 386). Results of ordinary least squares and negative-binomial regression models suggest that coaching and competitive experience are associated with larger clienteles, but formal human...Read more