Dynamic Superstar Effects

35 Pages Posted: 17 May 2019

See all articles by Qiwei He

Qiwei He

Department of Economics, Cornell University

Yu Liu

Fudan University - School of Economics

Date Written: April 19, 2019

Abstract

This paper investigates the dynamic effects of high-skill individuals on peers by examining the superstar spillovers in the Chinese Super League. Exploiting timing variations in the arrivals of foreign superstars across clubs and the stars' accidental injuries during the 2013 to 2016 seasons, we find that the exposure to foreign superstars improves domestic peers' skill increasingly as time elapses. The exposure effect is driven by peers at positions close to the superstars and is more pronounced for younger and less-experienced players. Our findings shed light on the positive spillovers of upper-tail human capital on peers' skill accumulation in the long run.

Keywords: superstars, spillover, dynamic effects, skill accumulation

JEL Classification: D23, L29, M59, J24, O15

Suggested Citation

He, Qiwei and Liu, Yu, Dynamic Superstar Effects (April 19, 2019). Available at SSRN: https://ssrn.com/abstract=3374742 or http://dx.doi.org/10.2139/ssrn.3374742

Qiwei He

Department of Economics, Cornell University ( email )

Ithaca, NY 14853
United States

Yu Liu (Contact Author)

Fudan University - School of Economics ( email )

600 GuoQuan Road
Shanghai, 200433
China
02165642263 (Phone)

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