Self-Assessment: The Role of the Social Environment

31 Pages Posted: 5 Jun 2020

See all articles by Armin Falk

Armin Falk

University of Bonn - Economic Science Area; briq - Institute on Behavior & Inequality

Fabian Kosse

Ludwig Maximilian University of Munich (LMU)

Hannah Schildberg-Hörisch

Heinrich-Heine-Universität Düsseldorf; IZA Institute of Labor Economics

Florian Zimmermann

briq Institute on Behavior and Inequality

Date Written: 2020

Abstract

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

Falk, Armin and Kosse, Fabian and Schildberg-Hörisch, Hannah and Zimmermann, Florian, Self-Assessment: The Role of the Social Environment (2020). Available at SSRN: https://ssrn.com/abstract=3618831 or http://dx.doi.org/10.2139/ssrn.3618831

Armin Falk (Contact Author)

University of Bonn - Economic Science Area ( email )

briq - Institute on Behavior & Inequality

Schaumburg-Lippe-Straße 5-9
Bonn, 53113
Germany

HOME PAGE: http://www.briq-institute.org/

Fabian Kosse

Ludwig Maximilian University of Munich (LMU) ( email )

Geschwister-Scholl-Platz 1
Munich, DE Bavaria 80539
Germany

Hannah Schildberg-Hörisch

Heinrich-Heine-Universität Düsseldorf ( email )

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Florian Zimmermann

briq Institute on Behavior and Inequality ( email )

Schaumburg-Lippe-Strasse 5-9
53113 Bonn
Germany

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