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Trapped, Delayed and Handicapped

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Author Info
Sällström, Susanna
Sjogren, Anna

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Abstract

The dynamics of self-confidence are modelled in an environment where rational individuals optimally choose education and occupations with the aim to acquire productive skills while learning about ability. It is shown how the presence of uninformative options can trap individuals below their potential. Furthermore the trade-off between probability of success and value of skills may induce uncertain individuals to acquire less productive skills on their way to ability intensive occupations. The value of information also induces uncertain individuals to delay labour market entry. The model can also explain differences in perseverance in the face of failure.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 3335.

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Date of creation: Apr 2002
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Handle: RePEc:cpr:ceprdp:3335

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Related research
Keywords: bayesian learning; self-confidence; self-selection; skill accumulation;

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Find related papers by JEL classification:
D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Kim-Sau Chung, 2000. "Role Models and Arguments for Affirmative Action," American Economic Review, American Economic Association, vol. 90(3), pages 640-648, June. [Downloadable!] (restricted)
  2. Booth, Alison L & Burton, Jonathan & Mumford, Karen, 2000. "The Position of Women in UK Academic Economics," Economic Journal, Royal Economic Society, vol. 110(464), pages F312-33, June. [Downloadable!] (restricted)
  3. Richard Breen & Cecilia Garcia-Penalosa, 2002. "Bayesian Learning and Gender Segregation," Journal of Labor Economics, University of Chicago Press, vol. 20(4), pages 899-922, October. [Downloadable!]
  4. Robert Haveman & Barbara Wolfe, 1995. "The Determinants of Children's Attainments: A Review of Methods and Findings," Journal of Economic Literature, American Economic Association, vol. 33(4), pages 1829-1878, December. [Downloadable!] (restricted)
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  6. Benabou, R. & Tirole, J., 2000. "Self-Confidence and Social Interactions," Papers 210, Princeton, Woodrow Wilson School - Public and International Affairs.
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  7. Altonji, Joseph G. & Blank, Rebecca M., 1999. "Race and gender in the labor market," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 48, pages 3143-3259 Elsevier. [Downloadable!] (restricted)
    Other versions:
  8. Monks, James, 1997. "The impact of college timing on earnings," Economics of Education Review, Elsevier, vol. 16(4), pages 419-423, October. [Downloadable!] (restricted)
  9. Van W. Kolpin & Larry D & Singell & Jr, 1996. "The gender composition and scholarly performance of economics departments: A test for employment discrimination," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 49(3), pages 408-423, April.
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  11. Lundberg, S.J. & Startz, R., 1996. "Inequality and Race: Models and Policy," Discussion Papers in Economics at the University of Washington 96-04, Department of Economics at the University of Washington.
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  12. Jacoby, Hanan G, 1994. "Borrowing Constraints and Progress through School: Evidence from Peru," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 151-60, February. [Downloadable!] (restricted)
  13. Prendergast, Canice & Stole, Lars, 1996. "Impetuous Youngsters and Jaded Old-Timers: Acquiring a Reputation for Learning," Journal of Political Economy, University of Chicago Press, vol. 104(6), pages 1105-34, December. [Downloadable!] (restricted)
  14. Blackaby, David & Frank, Jeff, 2000. "Ethnic and Other Minority Representation in UK Academic Economics," Economic Journal, Royal Economic Society, vol. 110(464), pages F293-311, June. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Sjögren, Anna & Saez-Marti, Maria, 2004. "On the Timing of Education," Working Paper Series 614, Research Institute of Industrial Economics. [Downloadable!]
  2. Kai A. Konrad & Amedeo Spadaro, 2003. "Selection Filters, Redistributive Taxation and Overconfidence," DELTA Working Papers 2003-22, DELTA (Ecole normale supérieure). [Downloadable!]
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