01916cas a2200253 a 4500 AALejournalIMF006763 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455208906 1018-5941 BD-DhAAL BD-DhAAL Aiyar, Shekhar. What Can International Cricket Teach Us About the Role of Luck in Labor Markets? / Shekhar Aiyar, Rodney Ramcharan. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students How important is luck in determining labor market outcomes? We address this question using a new dataset of all international test cricketers who debuted between 1950 and 1985. We present evidence that a player's debut performance is strongly affected by an exogenous source of variation: whether the debut series is played at home or abroad. This allows us to identify the role of luck - factors unrelated to ability - in shaping future career outcomes. We find that players lucky enough to debut at home perform significantly better on debut. Moreover, debut performance has a large and persistent impact on long run career outcomes. We also make headway in empirically distinguishing between competing explanations for why exogenous initial conditions exercise a persistent impact on career performance. Mode of access: Internet Ramcharan, Rodney. IMF Working Papers; Working Paper ; No. 2010/225 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/225/001.2010.issue-225-en.xml IMF e-Library