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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

Fostering and Measuring Skills: Interventions That Improve Character and Cognition

Heckman, James J.; Kautz, Tim - 2013

This paper reviews the recent literature on measuring and boosting cognitive and noncognitive skills. The literature establishes that achievement tests do not adequately capture character skills - personality traits, goals, motivations, and preferences that are valued in the labor market, in...

Persistent link: https://www.econbiz.de/10010329163

Are Nascent Entrepreneurs Jacks-of-All-Trades? A Test of Lazear's Theory of Entrepreneurship with German Data

Wagner, Joachim - 2003

In a recent paper Edward Lazear proposed the jack-of-all-trades view of entrepreneurship. Based on a coherent model of the choice between self-employment and paid employment he shows that having a background in a large number of different roles increases the probability of becoming an...

Persistent link: https://www.econbiz.de/10010261621

Estimating the Effect of Personality on Male-Female Earnings

Mueller, Gerrit; Plug, Erik - 2004

This paper uses the Five-Factor Model of personality structure as an organizing framework to explore the effects of personality on earnings. Using data from a longitudinal survey of American high school graduates, we find that extroversion, agreeableness, conscientiousness, neuroticism and...

Persistent link: https://www.econbiz.de/10010262006

Personal and Regional Determinants of Entrepreneurial Activities: Empirical Evidence from the REM Germany

Wagner, Joachim; Sternberg, Rolf - 2002

This paper contributes to empirical research in entrepreneurship by focusing on the link between two stylized facts that emerged from a number of studies for Germany and other countries: Entry rates differ between regions, and the propensity to become an entrepreneur is influenced by...

Persistent link: https://www.econbiz.de/10010262453

Entrepreneurship

Lazear, Edward P. - 2003

The theory proposed below is that entrepreneurs are jacks-of-all-trades who may not excel in any one skill, but are competent in many. A coherent model of the choice to become an entrepreneur is presented. The primary implication is that individuals with balanced skills are more likely than...

Persistent link: https://www.econbiz.de/10010262718

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