Document Type
Article
Publication Version
Version of Record
Publication Date
2013
Abstract
The purpose of our research is to investigate whether the high school basketball player is better off attending or forgoing his college career to enter the NBA directly out of high school. We measure "better off' by total salary earned in the first ten years of a player's NBA career. Using both OLS and a Heckit model, to control for possible sample selection bias, our results suggest that although college is an investment period for athletes, rational athletes do understand the opportunity cost of each year spent in college, with the most talented players forgoing their college education altogether.
Publication Title
The Journal of Economics (MVEA)
Volume
39
Issue
1
First Page
25
Last Page
44
Format
application/pdf
Language
en
Publisher
Missouri Valley Economics Association
Rights
Copyright © 2013 Missouri Valley Economics Association
Recommended Citation
Langelett, George; Chang, Kuo-Liang; and Haupert, Michael, "The Effects of College Education on Career Earnings in the NBA" (2013). Economics Faculty Publications. 10.
https://openprairie.sdstate.edu/econ_pubs/10
Comments
This work was published in The Journal of Economics (MVEA) (2013) 39:1.