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Incentive-Enhancing Preferences: Personality, Behavior, and Earnings
Ist Teil von
The American economic review, 2001-05, Vol.91 (2), p.155-158
Ort / Verlag
Nashville: American Economic Association
Erscheinungsjahr
2001
Link zum Volltext
Quelle
Business Source Ultimate
Beschreibungen/Notizen
While the study of behavioral and personality traits as earnings determinants is in its infancy, enough is known to support four conclusions: 1. Measures of cognitive performance are not sufficient indicators of the effectiveness of schools in promoting student labor-market success; broader indicators of school success are needed. 2. Incentive-enhancing preferences are irreducibly heterogeneous. 3. The fact that labor-market success may contribute to the development enhancing preferences reinforces the likelihood that poverty may persist over generations within families. 4. While improving earnings-enhancing cognitive skills is probably welfare-increasing for students and is then an uncontroversial objective of schooling, the same cannot be said of all incentive-enhancing preferences. Many will balk at the idea that schools should inculcate the beliefs that it is shameful to be without a job, or to receive unemployment insurance benefits - both of which count as incentive-enhancing preferences.