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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
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.
Keywords: Employment -- Occupations and careers
Research collection: Reports and technical papers
Appears in Collections:Reports

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