Trapped, Delayed and Handicapped
AbstractThe dynamics of self-confidence are modelled in an environment where rational individuals optimally choose educations 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 their labor market entry. The model can explain differences in perseverance in the face of failure.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 613.
Length: 42 pages
Date of creation: 16 Mar 2004
Date of revision:
Contact details of provider:
Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
Phone: +46 8 665 4500
Fax: +46 8 665 4599
Web page: http://www.ifn.se/
More information through EDIRC
Self-Confidence; Self-Selection; Skill Accumulation; Bayesian Learning;
Other versions of this item:
- 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
This paper has been announced in the following NEP Reports:
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.:
- 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.
- 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.
- 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.
- Shelly Lundberg & Richard Startz, 1998. "Inequality and Race: Models and Policy," Working Papers 0067, University of Washington, Department of Economics.
- Shelly Lundberg & Richard Startz, 1998. "Inequality and Race: Models and Policy," Discussion Papers in Economics at the University of Washington 0067, Department of Economics at the University of Washington.
- Lundberg, S.J. & Startz, R., 1996. "Inequality and Race: Models and Policy," Working Papers 96-04, University of Washington, Department of Economics.
- Monks, James, 1997. "The impact of college timing on earnings," Economics of Education Review, Elsevier, vol. 16(4), pages 419-423, October.
- Joseph G. Altonji & Rebecca M. Blank, .
"Race and Gender in the Labor Market,"
IPR working papers
98-18, Institute for Policy Resarch at Northwestern University.
- Solon, Gary, 1999. "Intergenerational mobility in the labor market," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 29, pages 1761-1800 Elsevier.
- 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.
- R. Benabou & J. Tirole, 1999.
"Self-Confidence and Social Interactions,"
Princeton Economic Theory Papers
00s2, Economics Department, Princeton University.
- Roland Benabou & Jean Tirole, 2000. "Self-Confidence and Social Interactions," NBER Working Papers 7585, National Bureau of Economic Research, Inc.
- Roland Babou & Jean Tirole, 1999. "Self-Confidence And Social Interactions," Working Papers 151, Princeton University, Woodrow Wilson School of Public and International Affairs, Discussion Papers in Economics..
- Benabou, R. & Tirole, J., 2000. "Self-Confidence and Social Interactions," Papers 210, Princeton, Woodrow Wilson School - Public and International Affairs.
- 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.
- Audrey Light, 1995. "The Effects of Interrupted Schooling on Wages," Journal of Human Resources, University of Wisconsin Press, vol. 30(3), pages 472-502.
- Bruce A. Weinberg, 2009.
"A Model Of Overconfidence,"
Pacific Economic Review,
Wiley Blackwell, vol. 14(4), pages 502-515, October.
- Kim-Sau Chung, 2000. "Role Models and Arguments for Affirmative Action," American Economic Review, American Economic Association, vol. 90(3), pages 640-648, June.
- Costas Meghir & Mårten Palme, 1999.
"Assessing the effect of schooling on earnings using a social experiment,"
IFS Working Papers
W99/10, Institute for Fiscal Studies.
- Costas Meghir & Marten Palme, 2000. "Assessing the Effect of Schooling on Earnings Using a Social Experiment," Econometric Society World Congress 2000 Contributed Papers 0670, Econometric Society.
- Meghir, Costas & Palme, Mårten, 1999. "Assessing the Effect of Schooling on Earnings Using a Social Experiment," Working Paper Series in Economics and Finance 313, Stockholm School of Economics.
- 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.
- 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.
- 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, Cornell University, ILR School, vol. 49(3), pages 408-423, April.
- de Luna, Xavier & Stenberg, Anders & Westerlund, Olle, 2010.
"Can adult education delay retirement from the labour market?,"
Working Paper Series
2010:2, IFAU - Institute for Evaluation of Labour Market and Education Policy.
- Anders Stenberg & Xavier Luna & Olle Westerlund, 2012. "Can adult education delay retirement from the labour market?," Journal of Population Economics, Springer, vol. 25(2), pages 677-696, January.
- de Luna, Xavier & Stenberg, Anders & Westerlund, Olle, 2008. "Can Adult Education Delay Retirement from the Labour Market?," Working Paper Series 6/2008, Swedish Institute for Social Research.
- de Luna, Xavier & Stenberg, Anders & Westerlund, Olle, 2008. "Can Adult Education Delay Retirement from the Labour Market?," UmeÃ¥ Economic Studies 756, Umeå University, Department of Economics.
- Sjögren, Anna & Saez-Marti, Maria, 2004. "On the Timing of Education," Working Paper Series 614, Research Institute of Industrial Economics.
- Konrad, Kai A., 2003. "Mobilität in mehrstufigen Ausbildungsturnieren," Discussion Papers, Research Unit: Market Processes and Governance SP II 2003-30, Social Science Research Center Berlin (WZB).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elisabeth Gustafsson).
If references are entirely missing, you can add them using this form.