We estimate the expected returns to personality taking endogenous occupational sorting
into account using data from Germany for the years 1992 to 2009. Individual personality is
captured by the use of seven different facets. These facets show significant but heterogeneous
impacts on choice of occupation and wages. In order to consider the high interdependency
between facets we identify typical combinations. The corresponding estimates of the joint
effects indicate a large variation in expected returns. Beside qualification personality reflects
an important part of individual skills affecting wages directly and indirectly via occupational
sorting.