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Standard job search theory assumes that unemployed individuals have perfect information about the effect of their search effort on the job offer arrival rate. In this paper, we present an alternative model which assumes instead that each individual has a subjective belief about the impact of his...
Persistent link: https://www.econbiz.de/10010272034
This paper reviews the problems and potential benefits of integrating personality psychology into economics. Economists have much to learn from and contribute to personality psychology.
Persistent link: https://www.econbiz.de/10010280682
emphasizing variables derived from formal decision theory. In a data set on trainee truckers in a large US company, we provide a … comparing the predictive power of measurements derived from personality theory and decision theory for several individual …. Further, decision theory and personality variables are meaningfully related. For example, we confirm that cognitive ability …
Persistent link: https://www.econbiz.de/10010287694
This paper reviews the recent literature on the production of skills of young persons. The literature features the multiplicity of skills that explain success in a variety of life outcomes. Noncognitive skills play a fundamental role in successful lives. The dynamics of skill formation reveal...
Persistent link: https://www.econbiz.de/10010326563
An early age at first marriage is known to be associated with a high risk of divorce. Yet it has been suggested that beyond a certain point, the relationship between age at marriage and marital instability may become positive, because as unmarried women begin to hear their biological clock tick,...
Persistent link: https://www.econbiz.de/10010332991
of the UK. The magnitude is inconsistent with exponential time preference, but compatible with quasi …
Persistent link: https://www.econbiz.de/10010262166
time and employment duration (Imbens (1994)), and estimate the model using personnel data from a large Dutch aircraft …
Persistent link: https://www.econbiz.de/10010262407
Eating requires the food materials that make up meals and also time devoted to buying food, preparing meals and eating … them, and cleaning up afterwards. Using time-diary and expenditure data for the U.S. for 1985 and 2003, I examine how … income and time prices affect time and goods inputs into this household-produced commodity. Focusing on these two years …
Persistent link: https://www.econbiz.de/10010267333
fairly large degree of interindividual variance in terms of time-to-degree. This paper investigates individual time …-to-degree in a model where students determine the optimum time-to-degree whilst weighing up the cost against the consumption … levels, and economic growth have a significant impact on individual time-to-degree. These results are consistent with the …
Persistent link: https://www.econbiz.de/10010268448
If fertility reflects the choice of households, results of their choice (duration between successive births and health of the children) cannot be considered to be randomly determined. While most existing studies of child health tend to overlook the effects of fertility selection on child health,...
Persistent link: https://www.econbiz.de/10010268452