@TechReport{iza:izadps:dp12012,
            	author={Grove, Wayne A. and Jetter, Michael and Papps, Kerry L.},
            	title={Career Lotto: Labor Supply in Winner-Take-All Markets},
            	year={2018},
	month={Dec},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={12012},
            	url={https://www.iza.org/index.php/publications/dp12012},
	abstract={Are people prone to selecting occupations with highly skewed income distributions despite minuscule chances of success? Assembling a comprehensive pool of potential teenage entrants into professional tennis (a typical winner-take-all market), we construct objective measures of relative ability and earnings projections. We find that prospective tennis professionals are attracted to right-skewed earnings distributions, independent of mean and variance. If skewness in prize money fell to zero, males would be 23% and females 5% less likely to continue pursuing a professional career, on average. Thus, winner-take-all labor markets appear to systematically encourage those with modest talents to pursue long-shot careers.},
	keywords={winner-take-all markets;superstar markets;labor supply;human capital;gender differences;skewness preferences},
            }