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Psychological Resilience to Major Socioeconomic Life Events

Etile, Fabrice - 2020

important for policies that target reductions in disadvantage. In this paper we construct a measure of adult resilience … adaptation. We find considerable heterogeneity in the response to adverse events, and that resilience is strongly correlated with … clinical measures of mental health. Resilience in adulthood is predictable by childhood socioeconomic circumstances; the …

Persistent link: https://www.econbiz.de/10012838484

Locus of Control, Self-Control, and Health Outcomes

Botha, Ferdi; Dahmann, Sarah C. - 2022

We provide the first empirical evidence on the direct link between locus of control and self-control, and how they interact in explaining a range of health outcomes. Using rich Australian survey data, we find that, while the two traits are distinct constructs, a greater internal locus of control...

Persistent link: https://www.econbiz.de/10014083683

Locus of Control and Consistent Investment Choices

Pinger, Pia - 2018

We document that an internal locus of control can be hindering in financial market situations, where short-term outcomes are determined by chance. The reason is that internally controlled individuals may tend to (over-)react to random outcomes. Our evidence is based on an experiment in which...

Persistent link: https://www.econbiz.de/10012918221

Integrating Personality Psychology into Economics

Heckman, James J. - 2011

Persistent link: https://www.econbiz.de/10013120816

The Individual and Joint Performance of Economic Preferences, Personality, and Self-Control in Predicting Criminal Behavior

Friehe, Tim - 2014

We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...

Persistent link: https://www.econbiz.de/10013060138

Are Economists' Preferences Psychologists' Personality Traits? A Structural Approach

Jagelka, Tomáš - 2020

This paper proposes a method for empirically mapping psychological personality traits to economic preferences. Careful modelling of random components of decision making is crucial to establishing the long supposed but empirically elusive link between economic and psychological systems for...

Persistent link: https://www.econbiz.de/10012832591

Self-Regulation Through Goal Setting

Koch, Alexander K. - 2008

Goals are an important source of motivation. But little is known about why and how people set them. We address these questions in a model based on two stylized facts from psychology and behavioral economics: i) Goals serve as reference points for performance. ii) Present-biased preferences...

Persistent link: https://www.econbiz.de/10012768179

Not so Lucky Any More : CEO Compensation in Financially Distressed Firms

Kang, Qiang; Mitnik, Oscar A. - 2021

There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...

Persistent link: https://www.econbiz.de/10013324758

The Effect of Adversity on Process Innovations and Managerial Incentives

Dostie, Benoît - 2009

This paper asks whether adversity spurs the introduction of process innovations and increases the use of managerial incentives by firms. Using a large panel data set of workplaces in Canada, our identification strategy relies on exogenous variation in adversity arising from increased border...

Persistent link: https://www.econbiz.de/10013158121

The Effects of Status Mobility and Group Identity on Trust

Suchon, Rémi - 2019

In a laboratory experiment we test the interaction effects of status and group identity on interpersonal trust. Natural group identity is generated by school affiliation. Status (expert or agent) is awarded based on relative performance in a math quiz that is ex ante less favorable to the...

Persistent link: https://www.econbiz.de/10012894058