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The Determinants of Earnings: A Behavioral Approach
Abstract
We survey the determinants of earnings and propose a framework for understanding labor market success. We suggest that the advantages of the children of successful parents go considerably beyond the benefits of superior education, the inheritance of wealth, or the genetic inheritance of cognitive ability. We suggest that noncognitive personality variables, such as attitudes towards risk, ability to adapt to new economic conditions, hard work, and the rate of time preference affect both earning and the transmission of economic status across generations.
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Cited by
School readiness and later achievement.
Duncan, G. J., Dowsett, C. J., Claessens, A., Magnuson, K., Huston, A. C., Klebanov, P., Pagani, L. S., Feinstein, L., Engel, M., Brooks-Gunn, J., et al. (2007) · Developmental Psychology · doi:10.1037/0012-1649.43.6.1428 · Cited by 5,439
The effects of cognitive and noncognitive abilities on labor market outcomes and social behavior
Heckman, J. J., Stixrud, J., & Urzua, S. (2006) · Journal of Labor Economics · doi:10.1086/504455 · Cited by 4,427
Heckman, J. J., & Kautz, T. (2012) · Labour Economics · doi:10.1016/j.labeco.2012.05.014 · Cited by 2,007
Technical change, inequality, and the labor market
Acemoglu, D. (2002) · Journal of Economic Literature · doi:10.1257/jel.40.1.7 · Cited by 1,767
Formulating, Identifying and Estimating the Technology of Cognitive and Noncognitive Skill Formation
Cunha, F., & Heckman, J. J. (2008) · Journal of Human Resources · doi:10.3368/jhr.43.4.738 · Cited by 1,468
Metadata
- Authors
- Bowles, S., Gintis, H., & Osborne, M.
- Venue
- Journal of Economic Literature
- Publisher
- American Economic Association
- Published
- 2001-12-01
- Volume
- 39
- Issue
- 4
- Pages
- 1137-1176
- ISSN
- 0022-0515 (ISSN-L)
- OpenAlex
- W1987724300
- Cited by
- 1,115
- References
- 9
- FWCI
- 76.17
- Type
- journal article
- Language
- en
- Open access
- closed
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