Petr Parshakov , Thadeu Gasparetto , Nadezhda Votintseva , Elena Shakina
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Beyond the pitch: Exploring the role of beauty in soccer player salaries
The paper explores the potential influence of subjective factors on salary determination, particularly examining the impact of physical appearance on the earnings of soccer players. This study encompasses data from 373 Major League Soccer players over 12 seasons (2007-2018). Facial symmetry, quantified using the coordinates of each player’s facial features, is utilized as an indicator of physical attractiveness. Various analytical models, including linear, semiparametric, and quantile models, are applied. The results point to a notable 'beauty premium' in the salary structure within this context, with the effects being more significant among the highest earners.
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The Journal aims to present research that will improve understanding of behavioral, in particular psychological, aspects of economic phenomena and processes. The Journal seeks to be a channel for the increased interest in using behavioral science methods for the study of economic behavior, and so to contribute to better solutions of societal problems, by stimulating new approaches and new theorizing about economic affairs. Economic psychology as a discipline studies the psychological mechanisms that underlie economic behavior. It deals with preferences, judgments, choices, economic interaction, and factors influencing these, as well as the consequences of judgements and decisions for economic processes and phenomena. This includes the impact of economic institutions upon human behavior and well-being. Studies in economic psychology may relate to different levels of aggregation, from the household and the individual consumer to the macro level of whole nations. Economic behavior in connection with inflation, unemployment, taxation, economic development, as well as consumer information and economic behavior in the market place are thus among the fields of interest. The journal also encourages submissions dealing with social interaction in economic contexts, like bargaining, negotiation, or group decision-making. The Journal of Economic Psychology contains: (a) novel reports of empirical (including: experimental) research on economic behavior; (b) replications studies; (c) assessments of the state of the art in economic psychology; (d) articles providing a theoretical perspective or a frame of reference for the study of economic behavior; (e) articles explaining the implications of theoretical developments for practical applications; (f) book reviews; (g) announcements of meetings, conferences and seminars.
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