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The Economics and Psychology of Personality Traits

Author

Listed:
  • Borghans, Lex

    (Maastricht University)

  • Duckworth, Angela Lee

    (University of Pennsylvania)

  • Heckman, James J.

    (University of Chicago)

  • ter Weel, Bas

    (SEO Amsterdam)

Abstract

This paper explores the interface between personality psychology and economics. We examine the predictive power of personality and the stability of personality traits over the life cycle. We develop simple analytical frameworks for interpreting the evidence in personality psychology and suggest promising avenues for future research.

Suggested Citation

  • Borghans, Lex & Duckworth, Angela Lee & Heckman, James J. & ter Weel, Bas, 2008. "The Economics and Psychology of Personality Traits," IZA Discussion Papers 3333, IZA Network @ LISER.
    • Handle: RePEc:iza:izadps:dp3333
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    Keywords

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    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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