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https://hdl.handle.net/10620/17520| Longitudinal Study: | HILDA | Title: | Melbourne Institute | Authors: | Thomsen, S.L John, K |
Institution: | University of Magdeburg | Publication Date: | Jan-2012 | Pages: | 46 | Keywords: | Big five personality traits Measures of reciprocity SOEP Occupational choice Big Five personality Wage differentials Selection bias Locus of control |
Abstract: | 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. | URL: | http://melbourneinstitute.com/downloads/hilda/Bibliography/Other_Publications/John_etal_Heterogeneous%20_Returns.pdf http://melbourneinstitute.com/hilda |
Keywords: | Employment -- Occupations and careers | Research collection: | Reports and technical papers |
| Appears in Collections: | Reports |
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