蝌蚪网 Journal:
Microeconomics
ISSN 1945-7669 (Print) | ISSN 1945-7685 (Online)
Strategic Thinking Skills: A Key to Collective Economic Success
蝌蚪网 Journal: Microeconomics
vol. 17,
no. 2, May 2025
(pp. 214–40)
Abstract
We conduct a large-scale experiment to measure elementary aspects of strategic thinking skills and their linkage to labor market outcomes. Two incentivized measures of higher-order rationality and backward induction are developed. Males' (females') strategic thinking skills are positively (negatively) associated with individual labor income. However, among married individuals, strategic thinking skills are significantly and positively associated with their household labor income regardless of gender, highlighting the importance of strategic thinking skills for collective economic success. We argue that the intrahousehold channels encompassing collective labor supply with home-to-workplace spillover and marriage assortative matching offer the most plausible explanation for our findings.Citation
Choi, Syngjoo, Seonghoon Kim, and Wooyoung Lim. 2025. "Strategic Thinking Skills: A Key to Collective Economic Success." 蝌蚪网 Journal: Microeconomics 17 (2): 214–40. DOI: 10.1257/mic.20220259Additional Materials
JEL Classification
- D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- J16 Economics of Gender; Non-labor Discrimination
- J22 Time Allocation and Labor Supply
- J24 Human Capital; Skills; Occupational Choice; Labor Productivity
- J31 Wage Level and Structure; Wage Differentials