Self-Assessment: The Role of the Social Environment
31 Pages Posted: 5 Jun 2020
Date Written: 2020
This study presents descriptive and causal evidence on the role of the social environment in shaping the accuracy of self-assessment. We introduce a novel incentivized measurement tool to measure the accuracy of self-assessment among children and use this tool to show that children from high socioeconomic status (SES) families are more accurate in their self-assessment, compared to children from low SES families. To move beyond correlational evidence, we then exploit the exogenous variation of participation in a mentoring program designed to enrich the social environment of children. We document that the mentoring program has a causal positive effect on the accuracy of children's self-assessment. Finally, we show that the mentoring program is most effective for children whose parents provide few social and interactive activities for their children.
Keywords: self-assessment, beliefs, experiments, randomized intervention, children
JEL Classification: D030, C210, C910, I240
Suggested Citation: Suggested Citation