NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Kyle Carlson

California Institute of Technology
1200 E. Calif. Blvd.
Pasadena, CA 91125

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org

NBER Working Papers and Publications

April 2015Bankruptcy Rates among NFL Players with Short-Lived Income Spikes
with Joshua Kim, Annamaria Lusardi, Colin F. Camerer: w21085
One of the central predictions of the life cycle hypothesis is that individuals smooth consumption over their economic life cycle; thus, they save when income is high, in order to provide for when income is likely to be low, such as after retirement. We test this prediction in a group of people—players in the National Football League (NFL)—whose income profile does not just gradually rise then fall, as it does for most workers, but rather has a very large spike lasting only a few years. We collected data on all players drafted by NFL teams from 1996 to 2003. Given the difficulty of directly measuring consumption of NFL players, we test whether they have adequate savings by counting how many retired NFL players file for bankruptcy. Contrary to the life-cycle model predictions, we find that...

Published: Kyle Carlson & Joshua Kim & Annamaria Lusardi & Colin F. Camerer, 2015. "Bankruptcy Rates among NFL Players with Short-Lived Income Spikes," American Economic Review, American Economic Association, vol. 105(5), pages 381-84, May. citation courtesy of

 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us