The Economics and Psychology of Personality Traits
Maastricht University - Department of Economics; University of Maastricht - Research Centre for Education and the Labour Market (ROA); Institute for the Study of Labor (IZA)
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)
Bas ter Weel
CPB Netherlands Bureau of Economic Policy Analysis
IZA Working Paper No. 3333
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
Date posted: May 23, 2008
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