Skip to main content

Additional evidence for the career concern hypothesis with uncertainty of the retirement period - the case of professional baseball players in Japan

Buy Article:

$51.63 plus tax (Refund Policy)


This paper examines whether the Career Concern Hypothesis, which Gibbons and Murphy (Journal of Political Economy, 100, 1992) have presented, holds in the labour market of professional baseball players in Japan. The hypothesis emphasizes that if workers are concerned about their career, an optimal compensation contract has two incentives - an explicit incentive from compensation for current performance and an implicit incentive from concern about their career - and predicts that the explicit incentive should be strongest for workers close to retirement because the concern for their career is weakest for these workers. Incorporating the uncertainty of the retirement period, evidences are found supporting the Career Concern Hypothesis.

Document Type: Research Article


Publication date: November 1, 1999

More about this publication?

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more