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Heterogeneous Returns to Personality - The Role of Occupational Choice

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  • John, Katrin
  • Thomsen, Stephan L.

Abstract

We analyze the role of personality in occupational choice and wages using data from Germany for the years 1992 to 2009. Characterizing personality by use of seven complementary measures, the empirical findings show that it is an important determinant of occupational choice. Associated with that, identical personality traits are differently rewarded across occupations. By evaluating different personality profiles, we estimate the influence of personality as a whole. The estimates establish occupation-specific patterns of significant returns to particular personality profiles. These findings underline the importance to consider the occupational distribution when analyzing returns to personality due to its heterogeneous valuation.

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File URL: http://diskussionspapiere.wiwi.uni-hannover.de/pdf_bib/dp-495.pdf
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Bibliographic Info

Paper provided by Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät in its series Hannover Economic Papers (HEP) with number dp-495.

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Length: 40 pages
Date of creation: Mar 2012
Date of revision:
Handle: RePEc:han:dpaper:dp-495

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Related research

Keywords: occupational choice; wage differentials; Big Five personality traits; locus of control; measures of reciprocity; SOEP;

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References

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Cited by:
  1. Thiel, Hendrik & Thomsen, Stephan L., 2013. "Noncognitive skills in economics: Models, measurement, and empirical evidence," Research in Economics, Elsevier, Elsevier, vol. 67(2), pages 189-214.

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