The Determinants of Earnings: A Behavioral Approach
提出一个理解劳动力市场成功的框架,认为非认知人格变量(如风险态度、适应能力、勤奋和时间偏好)不仅影响收入,还影响经济地位在代际间的传递。
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.