Positive self-image over time
AbstractThis paper incorporates egocentric comparisons into a human capital accumulation model and studies the evolution of positive self image over time. The paper shows that the process of human capital accumulation together with egocentric comparisons imply that positive self image of a cohort is first increasing and then decreasing over time. Additionally, the paper finds that positive self image: (1) peaks earlier in activities where skill depreciation is higher, (2) is smaller in activities where the distribution of income is more dispersed, (3) is not a stable characteristic of an individual, and (4) is higher for more patient individuals.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 3145.
Date of creation: 28 Aug 2005
Date of revision: 27 Apr 2006
Self-image; Human capital; Skill Investment;
Other versions of this item:
- Luís Santos-Pinto, 2006. "Positive Self-Image over Time," Cahiers de Recherches Economiques du DÃ©partement d'EconomÃ©trie et d'Economie politique (DEEP) 09.02, Université de Lausanne, Faculté des HEC, DEEP.
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
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