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dc.contributor.authorPowdthavee, Nattavudhen
dc.contributor.authorBoyce, Christopher J.en
dc.contributor.authorWood, Alex M.en
dc.date.accessioned2012-04-17-
dc.date.accessioned2012-06-15T07:48:17Z-
dc.date.available2012-06-15T07:48:17Z-
dc.date.issued2011-
dc.identifier.piurn:nbn:de:101:1-201112136791en
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x6131en
dc.subject.jelD3en
dc.subject.jelJ24en
dc.subject.ddc330en
dc.subject.keywordnoncognitive skillsen
dc.subject.keywordpersonality traitsen
dc.subject.keywordlottery winnersen
dc.subject.keywordinstrumental variablesen
dc.subject.keywordunearned incomeen
dc.subject.stwGlücksspielen
dc.subject.stwEinkommenen
dc.subject.stwKognitionen
dc.subject.stwPersönlichkeitspsychologieen
dc.subject.stwSchätzungen
dc.subject.stwGroßbritannienen
dc.titleCan money change who we are? estimating the effects of unearned income on measures of incentive-enhancing personality-
dc.typeWorking Paperen
dc.identifier.ppn690180071en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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