Posts Tagged strategy
Impact of a recession on beliefs
How will the recession affect the world-view beliefs of those young people living through it?
A discussion paper from the Institute for the Study of Labor (IZA) in Germany, analyses certain beliefs held by United States citizens and tries to link these beliefs with an individual’s exposure to recessions. They found that people who experienced a recession during a key impressionable age range (18-25 years old) were more likely to believe that success in life was down to luck rather than hard work. They also found that this belief tended to persist throughout the person’s life.
This belief that success in life is beyond your control can lead someone to make less effort, which then makes the belief a self-fulfilling prophecy.
- Should we be working with the students currently at university in order to encourage a belief in the benefits of effort and hard work?
- Do you think it would be useful to let students know about this research directly?
- What do you attribute success to?