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We construct a structural model of entry into self-employment to evaluate the impact of policies supporting entrepreneurship. Previous work has recognized that workers may opt for self-employment due to the non-pecuniary benefits of running a business and not necessarily because they are good at...
Persistent link: https://www.econbiz.de/10012480659
We review the extensive literature since 2000 on the personality traits of entrepreneurs. We first consider baseline personality traits like the Big-5 model, self-efficacy and innovativeness, locus of control, and the need for achievement. We then consider risk attitudes and goals and...
Persistent link: https://www.econbiz.de/10012453616
This chapter presents an economic approach to character and personality traits with an application to the study of virtue. Economists interpret psychological traits, including character traits and virtue, as strategies that shape responses to situations (actions) determined by underlying...
Persistent link: https://www.econbiz.de/10014287358
range of arts. It is now time to extend economic research on creativity, by applying this analysis to other intellectual … not only to understand, but perhaps also to increase, the creativity of these remarkable individuals, and to help others …. Yet creativity - a primary source of the technological change that drives economic growth - is largely the domain of …
Persistent link: https://www.econbiz.de/10012462629
A survey of art history textbooks identifies and ranks the eight most important works of the 20th century. The most important painting of the century was Les Demoiselles d'Avignon, executed by Picasso at the age of 26, which began the development of Cubism. Among the other seven works, a...
Persistent link: https://www.econbiz.de/10012466611
relationship follows from established theories of developmental creativity, and our empirical analysis is based on survey data …
Persistent link: https://www.econbiz.de/10012461217
Many consumers below the top of the distribution of a representative population by cognitive abilities barely react to monetary and fiscal policies that aim to stimulate consumption and borrowing, even when they are financially unconstrained and despite substantial debt capacity. Differences in...
Persistent link: https://www.econbiz.de/10012629499
How significant are individual differences in self-control? Do these differences impact wealth accumulation? From where do they derive? Our survey-based measure of self-control provides insights into all three questions: 1.There are individual differences in self-control not only of a...
Persistent link: https://www.econbiz.de/10012468179
Using data from a field experiment on exercise, we analyze the relationship between imperfect memory and people's awareness of their limited self-control. We find that people overestimate past gym attendance, and that larger overestimation of past attendance is associated with (i) more...
Persistent link: https://www.econbiz.de/10013537719
We assess the predictive power of two measures of competitiveness for education and labor market outcomes using a large, representative survey panel. The first is incentivized and is an online adaptation of the laboratory-based Niederle-Vesterlund measure. The second is an unincentivized survey...
Persistent link: https://www.econbiz.de/10012585400