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Wealth-behavior interactions

Wealth and the endogeneity of behavior

Jed Friedman's picture

Allow me to take the occasion of the 236th “birthday” of my native-born country (celebrated on July 4th here in the U.S.) to go far afield and discuss a topic that, while grounded in empirical social science, doesn’t touch directly on impact evaluation. The topic is how the personality traits of an individual may be related to his or her relative wealth.