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This paper investigates whether individuals feel worse off when others around them earn more. In other words, do people care about relative position and does " lagging behind the Joneses " diminish well-being? To answer this question, I match individual-level data containing various indicators of well-being to information about local average earnings. I(More)
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. Chris Hsee gave us very(More)
We exploit the military mobilization for World War II to investigate the effects of female labor supply on the wage structure. The mobilization drew many women into the workforce permanently. But the impact was not uniform across states. In states with greater mobilization of men, women worked more after the war and in 1950, though not in 1940. These(More)
Despite indications that interpersonal interactions are important for understanding individual labor-market outcomes and have become more important over the last decades, there is little analysis by economists. This paper shows that interpersonal interactions are important determinants of labor-market outcomes, including occupations and wages. We show that(More)
Interpersonal interactions are important for understanding individual labor-market outcomes. This paper develops a framework to understand the role of interpersonal interactions in the labor market including task assignment and wages. Interactions between people are modeled as a trade-off between caring and directness, both of which can be either beneficial(More)
This paper investigates the interplay between social capital, innovation and economic growth in the European Union. We identify innovation as an important mechanism that transforms social capital into economic growth. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance is conducive to(More)
* 2000. Seminar Participants are gratefully acknowledged for their comments. Bengt-Åke Lundvall, Joan Muysken and Luc Soete are also acknowledged for providing helpful comments and suggestions on an earlier draft of this paper. Of course the usual disclaimer applies. Abstract The structure of wages and employment has shifted against the low-skilled in many(More)
This article examines whether noncognitive skills—measured both by personality traits and by economic preference parameters—influence cognitive tests' performance. The basic idea is that noncognitive skills might affect the effort people put into a test to obtain good results. We experimentally varied the rewards for questions in a cognitive test to measure(More)
This paper examines whether the forced resignation of managers of Dutch football teams leads to an improvement in the results. We find by analysing 12 years of football in the highest Dutch league that forced resignations are preceded by declines in team performance and followed by improvements in performance. However, the improvement in performance after(More)