Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/58636
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Powdthavee, Nattavudh | en |
dc.contributor.author | Boyce, Christopher J. | en |
dc.contributor.author | Wood, Alex M. | en |
dc.date.accessioned | 2012-04-17 | - |
dc.date.accessioned | 2012-06-15T07:48:17Z | - |
dc.date.available | 2012-06-15T07:48:17Z | - |
dc.date.issued | 2011 | - |
dc.identifier.pi | urn:nbn:de:101:1-201112136791 | en |
dc.identifier.uri | http://hdl.handle.net/10419/58636 | - |
dc.description.abstract | The 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 |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x6131 | en |
dc.subject.jel | D3 | en |
dc.subject.jel | J24 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | noncognitive skills | en |
dc.subject.keyword | personality traits | en |
dc.subject.keyword | lottery winners | en |
dc.subject.keyword | instrumental variables | en |
dc.subject.keyword | unearned income | en |
dc.subject.stw | Glücksspiel | en |
dc.subject.stw | Einkommen | en |
dc.subject.stw | Kognition | en |
dc.subject.stw | Persönlichkeitspsychologie | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Großbritannien | en |
dc.title | Can money change who we are? estimating the effects of unearned income on measures of incentive-enhancing personality | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 690180071 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.