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The Economics and Psychology of Personality Traits


Lex Borghans


University of Maastricht - Research Centre for Education and the Labour Market (ROA); Institute for the Study of Labor (IZA)

Angela Duckworth


University of Pennsylvania - Department of Psychology

James J. Heckman


University of Chicago - Department of Economics; National Bureau of Economic Research (NBER); American Bar Foundation; Institute for the Study of Labor (IZA); CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Bas ter Weel


CPB Netherlands Bureau of Economic Policy Analysis
February 2008

IZA Working Paper No. 3333

Abstract:     
This paper explores the interface between personality psychology and economics. We examine the predictive power of personality and the stability of personality traits over the life cycle. We develop simple analytical frameworks for interpreting the evidence in personality psychology and suggest promising avenues for future research.

Number of Pages in PDF File: 166

Keywords: personality traits, lifecycle effects

JEL Classification: I2, J24

working papers series


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Date posted: May 23, 2008  

Suggested Citation

Borghans, Lex, Duckworth, Angela, Heckman, James J. and Weel, Bas ter, The Economics and Psychology of Personality Traits (February 2008). IZA Working Paper No. 3333. Available at SSRN: http://ssrn.com/abstract=1135909 or http://dx.doi.org/10.1111/j.0042-7092.2007.00700.x

Contact Information

Lex Borghans (Contact Author)
University of Maastricht - Research Centre for Education and the Labour Market (ROA) ( email )
P.O. Box 616
Maastricht, MD6200
Netherlands
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Angela Duckworth
University of Pennsylvania - Department of Psychology ( email )
3815 Walnut Street
Philadelphia, PA 19104-6196
United States
James J. Heckman
University of Chicago - Department of Economics ( email )
1126 East 59th Street
Chicago, IL 60637
United States
773-702-0634 (Phone)
773-702-8490 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
American Bar Foundation
750 N. Lake Shore Drive
Chicago, IL 60611
United States
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Poschinger Str. 5
Munich, DE-81679
Germany
Bas ter Weel
CPB Netherlands Bureau of Economic Policy Analysis ( email )
Feedback to SSRN (Beta)


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