Saturday, November 17, 2007

Inequality Everywhere You Look

Econ prof Mark Perry examines the incomes of professional football players and finds:
the pattern of income distribution in the NFL is strikingly similar to the income inequality of the general population, and is actually slightly greater in the NFL....perhaps this pattern of income distribution is a natural and expected outcome of any extremely competitive environment where talent is scare, valuable and highly paid, whether it's the NFL or the overall economy.