The speed of human capital formation in
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Neil Longley; Glenn Wong
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Article
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2011
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John Wiley and Sons
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English
⚖ 148 KB
Using a data set of well over 1200 different pitchers covering an almost 20-year time period, this paper reveals that the process of human capital formation for professional baseball pitchers is relatively slow, rendering minor league statistics to be of limited value when projecting major league pe