Sunday, June 22, 2008

Is there a resource curse for individuals?

I had often wondered if individuals suffered from something analogous to the resource curse. This article (thanks to MR) seemed to indicate so. Unfortunately, this is only anecdoctal and we would need a comprehensive database of earnings and year in NBA/Movies/NFL etc to really determine if this is true.
"When the Toronto Star ran an article alleging that a shocking 60 percent of NBA athletes “go broke” five years after retiring, did we not all pull out that very tiny violin we have reserved for such occasions? The NBA players union and the NBA have both disputed that assertion."

No comments: