Upward and downward job mobility and player market values in contemporary European professional football |
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| Institution: | 1. Univ Lille Nord de France, F-59000 Lille, France;2. UVHC, TEMPO Lab., PSI Team, F-59313 Valenciennes, France;1. Department of Radiology, Medical Center, Faculty of Medicine, University of Freiburg, Hugstetter Straße 55, 79106 Freiburg, Germany;2. Department of Urology, Medical Center, Faculty of Medicine, University of Freiburg, Hugstetter Straße 55, 79106 Freiburg, Germany;1. Adelphi University, Department of Exercise Science, Health Studies, Physical Education, & Sport Management, 1 South Avenue, Woodruff Hall, Room 172, Garden City, NY 11530, United States;2. Oregon State University, Milam Hall 118L, 2520 SW Campus Way, Corvallis, OR 97331, United States;3. University of Ottawa, School of Human Kinetics, Faculty of Health Sciences, 125 University Private, Room 345, Otttawa, K1N 6N5, Canada;4. Ball State University, 2000 W. University Drive, Muncie, IN 47036, United States;5. University of Kentucky, College of Education, 127 Seaton Building, Lexington, KY 40506-0219, United States;6. University of British Columbia, Auditorium Annex, 1924 West Mall, Vancouver, BC V6T 1Z2, United States;7. University of Ottawa, Geographic, Statistical and Government Information Centre, 65 University Private, Morisset Hall, 309D, Ottawa, ON K1N 6N5, Canada;8. University of Toronto, 55 Harbord Street, Toronto, ON M5S 2W6, Canada |
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| Abstract: | One question facing professional football (soccer) players in today's highly mobile football labor market is how to move between teams and develop boundaryless careers that positively signal their qualities, skills, and value to the market. The author departs from previous researchers, who have conceptualized market values as a function of performance and human capital factors at one point in time. Instead, the author argues that market observers face imperfect information when estimating the value of players, which they overcome by using job mobility as a signal for the qualities, skills, and playing potential of footballers. Analyzing a unique longitudinal dataset of 1670 professional player careers with fixed effects panel regressions, results indicate that upward mobility is a positive signal shifting observers' estimations of player market values up and downward mobility is a negative signal pushing market values down. Each extra move up leads to an additional increase in market values and the negative impact of downward mobility decreases when players take up more important roles in their new team. The impact of mobility on player market values is thus contingent on broader career patterns and the context in which job mobility takes place. |
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| Keywords: | Boundaryless careers Job mobility Career signals Market value Professional football |
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