Using a new salary data series, we correlate characteristics and performance measures with salary differentials. The new salary data are obtained for the American Association's Cincinnati Reds between the years 1882-1884, and 1886-1888. We find evidence that current season real salaries are significantly explained by performance: prior season batting averages for fielders and prior season wins for pitchers. In addition, fielders receive higher pay for experience but reduced pay as they age.
Michael McAvoy. "A look at Pay and Performance for the American Association's Cincinnati Club during the 1880s." Proceedings of the New York State Economics Association. vol. 6, October 2013, p. 139-147
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