This study examines how worker productivity and risk factors affect the demand for younger and older workers modeled using concepts from labor economics. The two primary National Football League player labor markets—the draft process and veteran free agent market—provide rich...

Researchers in many disciplines have shown that lower overall firm performance motivates the termination of top managers. Some have also suggested that managerial dismissal stems particularly from shortfalls of performance relative to expectations, whether in relation to corporate executives or...