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Salary Caps and Luxury Taxes: Insights from Professional Team Sports (Gehaltsobergrenzen und Luxussteuern: Erkenntnisse aus dem professionellen Mannschaftssport)Helmut M. DietlUniversity of Zurich - Department of Business Administration (IBW) Tobias DuschlUniversity of Zurich - Department of Business Administration (IBW) Markus LangUniversity of Zurich - Department of Business Administration (IBW) November 15, 2010 Abstract: The regulation of executive pay currently is a topic widely discussed in politics and the media. In this contribution we analyze a sector with a long tradition of pay regulation: professional team sports. We provide an analysis of the most important regulatory practices and their consequences on the labor markets of professional athletes, teams’ financial situation, and sports competition. Further we sketch how similar practices could look in the context of executive pay regulation.
Note: Downloadable document is in German. Number of Pages in PDF File: 18 Keywords: Pay regulation, salary caps, luxury taxes, sports economics, professional sports leagues, regulation, labor market intervention JEL Classification: L83 working papers seriesDate posted: December 2, 2010Suggested CitationContact Information
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