The economics of self-confidence | NewBostonPost

Which types of people typically move to major cities, such as New York, Washington, D.C., or Boston? A recent study suggests that a person’s personality might have more influence on the decision to move to the city than either wealth, education or age.   In fact, self-confidence might play a strong role in who migrates into major metropolitan areas, according to a study, authored by economists Jorge De la Roca of the University of Southern California, Gianmarco Ottaviano of the London School of Economics, and Diego Puga of the Center for Monetary and Financial Studies in Madrid.   In the “City of Dreams,” the authors describe their finding that fully 56 percent of U.S. residents find themselves in the same city or town at the age of 40 as at the age 14, including 40 percent of college-educated workers. To find out why, the authors compared a worker’s skill set, education and psychological factors such as self-confidence, defined in the study as “individuals’ assessment of their own

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