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Kajian Vol.11: Sports Economics: Exploring the Football Player Market in Indonesia’s Super League

Ekonomi PublikEkonomika KeolahragaanEkonomika KetenagakerjaanKajianPublikasi Jumat, 5 Desember 2025

Authors:

Jeremy Nathanael Zefanya, Ahmad Zufar Robbani, Qisha Quarina

Bidang Kajian Microeconomics Dashboard 2025

Executive Summary

  • Indonesia’s Super League has experienced growth, marked by rising fan engagement, increasing club valuations, and expanding recruitment of foreign players. The league operates within a hierarchical football structure that mirrors global labour market patterns, where economic inequality, segmented mobility, and regulatory constraints shape player careers and club strategies.
  • This study aims to analyze the economic dynamics of the Indonesian Super League by examining league hierarchy status, regulatory frameworks, and the determinants of  market value. It also seeks to contextualize Indonesia’s football labour market within global patterns of player migration and performance-based valuation.
  • The analysis reveals a clear financial hierarchy between Super League and Liga 2, with Liga 1 clubs holding significantly larger valuations and stronger institutional capacity. Short-term PKWT contracts expose players to wage risks, making legal protections under Indonesia’s Manpower Law and National Sports System Law crucial for safeguarding workers’ rights. 
  • Player market value is primarily influenced by performance metrics such as goals and assists, as well as human capital factors including age and position. Younger players and high-performing foreign players, command higher valuations, while age and disciplinary records reduce market value
  • Indonesia’s Super League presents a high-opportunity for economic analysis, shaped by financial disparities, uneven contract enforcement, and structural segmentation that influence player valuation and mobility. These conditions highlight the need for further research on wage determination, institutional quality, and how governance and investment patterns shape the broader football labour market
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    EVENT RECAP – Workshop Policy Paper #1

    Ekonomi PublikEkonomika KependudukanEkonomika KesehatanEkonomika KetenagakerjaanEkonomika PendidikanWorkshop Series Rabu, 14 Mei 2025

    On May 2nd, 2025, we successfully held the first session of our Policy Paper Writing Workshop series, led by Ardina Hasanbasri. The workshop focused on the key aspects of crafting effective policy reports, emphasizing the importance of structuring reports that are clear, concise, and accessible to diverse audiences, including both the public and private sectors.

    Participants were also introduced to the essential components of a well-crafted executive summary—one that presents the main recommendations in a direct and actionable manner. We would like to thank all the participants for their valuable contributions and engagement. We look forward to continuing this journey in future sessions. read more

    Berita Terakhir

    • Kajian Vol.14: Agricultural Economics: The Moderation of Indonesia’s Agricultural Sector: Why Productivity and Growth Are Slowing Down?
    • Kajian Vol.13: Health Economics: Mengapa Gangguan Tidur Menjadi Masalah Baru dalam Ekonomi? Sleep Deficiency and Its Economic Burden
    • Kajian Vol.12: Labour Economics: Indonesia’s Young Labour Force: Trends and Challenges in Youth Unemployment
    • Edisi Khusus Policy Paper Kelas Ekonomika Pembangunan 1 Program Sarjana Population Economics: Analisis Efektivitas Kebijakan Insentif Kelahiran di Tengah Krisis Populasi Korea Selatan
    • Kajian Vol.11: Sports Economics: Exploring the Football Player Market in Indonesia’s Super League
    Universitas Gadjah Mada

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    Phone: 081227556133 – Vika
    Email: microeconomics.feb@ugm.ac.id

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