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Integrating personality psychology into economics

Heckman, James J. - 2011

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

Promotion determinants in corporate hierarchies: An examination of fast tracks and functional area

Belzil, Christian; Bognanno, Michael Leonard; Poinas, … - 2012

This article estimates a dynamic reduced-form model of intra-firm promotions using an employer-employee panel of over 300 of the largest corporations in the U.S. in the period from 1981 to 1988. The estimation conditions on unobserved individual heterogeneity and allows for both an endogenous...

Persistent link: https://www.econbiz.de/10010289990

Race, Performance, Pay and Retention among National Basketball Association Head Coaches

Kahn, Lawrence M. - 2004

This paper estimates racial differences in the retention probability, pay and performance of NBA coaches over the 1996-2003 period. Using a hazard function approach, I find small and statistically insignificant racial differences in the exit hazard, conditional on team performance, team payroll,...

Persistent link: https://www.econbiz.de/10010261874

Unions and the Labor Market for Managers

Pischke, Jörn-Steffen; Hallock, Kevin F.; DiNardo, John - 2000

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …

Persistent link: https://www.econbiz.de/10010262364

Integrating Personality Psychology into Economics

Heckman, James J. - Institute for the Study of Labor (IZA) - 2011

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/10009278194

The economics and psychology of personality traits

Borghans, Lex; Duckworth, Angela Lee; Heckman, James Joseph - 2008

This paper explores the interface between personality psychology and economics. We examine the predictive power of personality and the stability of personality traits over the life cycle. We develop simple analytical frameworks for interpreting the evidence in personality psychology and suggest...

Persistent link: https://www.econbiz.de/10010277205

Critical periods during childhood and adolescence: a study of adult height among immigrant siblings

van den Berg, Gerard J.; Lundborg, Petter; Nystedt, Paul; … - 2009

We identify the ages that constitute critical periods in children's development towards their adult health status. For this we use data on families migrating into Sweden from countries that are mostly poorer, with less healthy conditions. Long-run health is proxied by adult height. The relation...

Persistent link: https://www.econbiz.de/10010277328

Identification problems in personality psychology

Borghans, Lex; Golsteyn, Bart; Heckman, James J.; … - 2011

This paper discusses and illustrates identification problems in personality psychology. The measures used by psychologists to infer traits are based on behaviors, broadly defined. These behaviors are produced from multiple traits interacting with incentives in situations. In general, measures...

Persistent link: https://www.econbiz.de/10010278574

Personality psychology and economics

Almlund, Mathilde; Duckworth, Angela Lee; Heckman, James J. - 2011

This paper explores the power of personality traits both as predictors and as causes of academic and economic success, health, and criminal activity. Measured personality is interpreted as a construct derived from an economic model of preferences, constraints, and information. Evidence is...

Persistent link: https://www.econbiz.de/10010278622

Personality characteristics and the decision to become and stay self-employed

Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander S. - 2011

This paper systematically investigates whether different kinds of personality characteristics influence entrepreneurial development. On the basis of a large, representative household panel survey, we examine the extent to which the Big Five traits and further personality characteristics, which...

Persistent link: https://www.econbiz.de/10010278676