Golfers on the Professional Golfers Association (PGA) Tour make up an elite labor market. The earnings of a PGA Tour golfer are determined by his performances in tournaments. Using PGA Tour data from 2002 and 2008, this paper explores returns to skill of PGA golfers and changes in returns to skill over the time period. Greens in regulation (GIR), putts per GIR, and sand saves are found to be statistically significant. The analysis in this paper does not provide any support to the idea that returns to skills for PGA golfers have changed over time.
Major Themes in Economics
©2009 by Major Themes in Economics
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Rinehart, Kelsey L.
"The Economics of Golf: An Investigation of the Returns to Skill of PGA Tour Golfers,"
Major Themes in Economics, 11, 57-70.
Available at: https://scholarworks.uni.edu/mtie/vol11/iss1/6