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dc.contributor.authorPowdthavee, Nattavudhen_US
dc.contributor.authorBoyce, Christopher J.en_US
dc.contributor.authorWood, Alex M.en_US
dc.date.accessioned2012-04-17en_US
dc.date.accessioned2012-06-15T07:48:17Z-
dc.date.available2012-06-15T07:48:17Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:101:1-201112136791-
dc.identifier.urihttp://hdl.handle.net/10419/58636-
dc.description.abstractThe importance of noncognitive childhood skills in predicting higher wages is well documented in economics. This paper studies the reverse. Using surveys of lottery winners, we analyze the effects of unearned income on the Big Five personality traits. After correcting for potential endogeneity problems from prize sizes, we find that unearned income improves traits that predict pro-social and cooperative behaviors, preferences for social contact, empathy, and gregariousness, and reduces individuals' tendency toward negative emotional states: known in economics literature as incentive-enhancing personality traits. Our results support the possibility of scope for later interventions to improve the personality traits of adults.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6131en_US
dc.subject.jelD3en_US
dc.subject.jelJ24en_US
dc.subject.ddc330en_US
dc.subject.keywordnoncognitive skillsen_US
dc.subject.keywordpersonality traitsen_US
dc.subject.keywordlottery winnersen_US
dc.subject.keywordinstrumental variablesen_US
dc.subject.keywordunearned incomeen_US
dc.subject.stwGlücksspielen_US
dc.subject.stwEinkommenen_US
dc.subject.stwKognitionen_US
dc.subject.stwPersönlichkeitspsychologieen_US
dc.subject.stwSchätzungen_US
dc.subject.stwGroßbritannienen_US
dc.titleCan money change who we are? estimating the effects of unearned income on measures of incentive-enhancing personalityen_US
dc.typeWorking Paperen_US
dc.identifier.ppn690180071en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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