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WAGE DISPARITY, TEAM PERFORMANCE, AND THE 2005 NHL COLLECTIVE BARGAINING AGREEMENT
Author(s) -
Depken Craig A.,
Lureman Jeff
Publication year - 2018
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/coep.12220
Subject(s) - salary , league , collective bargaining , wage , economics , collective agreement , demographic economics , labour economics , econometrics , physics , astronomy , market economy
This paper provides an empirical analysis of salary disparity and team performance in the National Hockey League during the first decade of the twenty‐first century. We find that the 2005 Collective Bargaining Agreement ( CBA ) reduced average salaries immediately after it was introduced but did not change the trajectory of average salaries nor did it alter the salary disparity on the average team. Salary disparity harms overall team performance primarily through reduced defensive performance and this relationship was not altered by the 2005 CBA . ( JEL J31, J42, L83)