Publication Type
Journal Article
Version
publishedVersion
Publication Date
5-2025
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.
Discipline
Behavioral Economics | Labor Economics
Research Areas
Applied Microeconomics
Areas of Excellence
Sustainability
Publication
American Economic Journal: Microeconomics
Volume
17
Issue
2
First Page
214
Last Page
240
ISSN
1945-7669
Identifier
10.1257/mic.20220259
Publisher
American Economic Association
Embargo Period
2-25-2026
Citation
CHOI, Syngjoo; KIM, Seonghoon; and LIM, Wooyoung.
Strategic thinking skills: A key to collective economic success. (2025). American Economic Journal: Microeconomics. 17, (2), 214-240.
Available at: https://ink.library.smu.edu.sg/rosa_publications/6
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1257/mic.20220259