Positive Self-Image over Time?
FEUNL Working Paper Series No. 504
28 Pages Posted: 12 Jul 2007
Date Written: April 27, 2006
Abstract
This paper incorporates egocentric comparisons into a human capital accumulation model and studies the evolution of positive self image over time. The paper shows that the process of human capital accumulation together with egocentric comparisons imply that positive self image of a cohort is first increasing and then decreasing over time. Additionally, the paper finds that positive self image: (1) peaks earlier in activities where skill depreciation is higher, (2) is smaller in activities where the distribution of income is more dispersed, (3) is not a stable characteristic of an individual, and (4) is higher for more patient individuals.
Keywords: self-image, human capital, skill investment
JEL Classification: D31, D91, J24
Suggested Citation: Suggested Citation
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