Self-esteem, education, and wages revisited

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520 |aPersonality undoubtedly plays a role in determining educational attainment and labor market outcomes. We investigate the role of self-esteem in determining wages directly and indirectly via education. We use data from the 1979 wave of the National Longitudinal Study of Youth (NLSY79) to estimate a three equation simultaneous equation model that treats self-esteem, educational attainment, and real wages as endogenous. We find that, while self-esteem has a positive and significant impact on wages indirectly via education, it does not significantly affect wages directly once we control for locus of control. We find that that the indirect effect of self-esteem comprises upwards of 80 percent of the total effect of self-esteem on wages after 1980. Additionally, we find that wages and education both affect self-esteem. We discuss gender differences in the relationships between wages, education, and self-esteem and conclude that females experience a higher rate of return on education than males, and self-esteem is a stronger determinant of educational attainment for males than females.
655 7|athesis|2marcgt
500 |aSenior Thesis -- Colorado College
500 |abachelor
500 |aBachelor of Arts
500 |aIncludes bibliographical references.
500 |a
500 |a
300 |a59 pages : illustrations (some color)
720 |aLagos None, Stephen
700 1 |aFenn, Aju
700 1 |a{'freeform_advisor': u'de Araujo', 'advisors': [u'aju.fenn@coloradocollege.edu']}|eadvisor
710 2 |aDepartment of Economics and Business|esponsor
710 2 |aColorado College|edegree grantor
650 1 |aEquations, Simultaneous
245 10|aSelf-esteem, education, and wages revisited
046 |k2011
260 |aColorado Springs, Colorado|bColorado College|c2011|g2011
856 |uhttp://hdl.handle.net/10176/coccc:5280
246 3 |a|a
100 1 |aLegos, Stephen|ecreator
700 1 |adeAraujo, Pedro|ethesis advisor
700 1 |a|ecommittee member
500 |a
650 1 |aSelf-esteem
650 1 |aDeterminants of wages
651 |aUnited States
650 |a
600 1 |a
610 2 |a
655 7|a
540 |aCopyright restrictions apply.
506 |a