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Noncognitive Skills in Economics: Models, Measurement, and Empirical Evidence

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  • Hendrik Thiel

    ()
    (Faculty of Economics and Management, Otto-von-Guericke University Magdeburg)

  • Stephan L. Thomsen

    ()
    (Faculty of Economics and Management, Otto-von-Guericke University Magdeburg)

Abstract

There is an increasing economic literature considering personality. This paper provides an overview on the role of these skills regarding three main aspects of economic analysis: measurement, theoretical modeling, and empirical estimates. Based on the relevant literature from different disciplines, the common psychometric measures used to assess personality are discussed. A recently proposed theoretical framework of human capital production takes personality explicitly into account. It is reviewed to clarify the understanding of crucial features of skill development. Based on these foundations, the main results of the empirical literature regarding noncognitive skills are classified along the research questions and summarized.

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File URL: http://www.ww.uni-magdeburg.de/fwwdeka/femm/a2009_Dateien/2009_37.pdf
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Bibliographic Info

Paper provided by Otto-von-Guericke University Magdeburg, Faculty of Economics and Management in its series FEMM Working Papers with number 09037.

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Length: 49 pages
Date of creation: Oct 2009
Date of revision:
Handle: RePEc:mag:wpaper:09037

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Keywords: noncognitive skills; personality; human capital formation; psychometric measures;

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References

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  1. Weekly Wisdom Roundup # 57 (Weeklong Reading For The Smarter People)
    by Miguel in Simoleon Sense on 2009-12-21 02:39:20
  2. Non-cognitive skills
    by Kevin Denny in Geary Behaviour Centre on 2009-12-20 16:05:00
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Cited by:
  1. Hussey, Andrew, 2011. "The effect of ethics on labor market success: Evidence from MBAs," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 168-180.

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