The Upside Potential of Hiring Risky Workers: Evidence from the Baseball Industry
利用棒球运动员数据，验证Lazear理论：高风险工人因上行潜力获得工资溢价，工龄越长溢价越高，且企业需有比较优势才愿支付溢价。
Making use of performance data for baseball players, this article provides empirical evidence in support of Lazear's (1998) theoretical predictions that (1) risky workers will earn a premium for their upside potential, (2) this risk premium will be higher the longer a worker's work life, and (3) firms must enjoy some comparative advantage in the labor market to be willing to pay a premium to risky workers. The validity of Lazear's predictions carries implications for wage differentials between young and old workers and between men and women.