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The Importance of Early Conscientiousness for Socio-Economic Outcomes: Evidence from the British Cohort Study

Author

Listed:
  • Bas ter Weel

    (CPB Netherlands Bureau for Economic Policy Analysis)

  • Tyas Prevoo

Abstract

This research estimates models of the importance of conscientiousness for socio-economic outcomes. We use measures of conscientiousness at age 16 to explain adult wages and other outcomes, such as crime, health and savings behaviour. We use several waves from the 1970 British Cohort Study. Our estimates suggest a significant and sizeable correlation between early conscientiousness and adult outcomes. Measurement error is corrected for by applying IV-techniques, errors-in-variables estimators and structural equation modelling. Investigation of the lower-order structure of conscientiousness suggests that facets related to reliability, decisiveness and impulse control are most strongly correlated with outcomes. We also investigate changes in early conscientiousness and find that persons who experience declines in the personality distribution between the ages 10 and 16 seem to be worse off in terms of a variety of socio-economic outcomes.

Suggested Citation

  • Bas ter Weel & Tyas Prevoo, 2013. "The Importance of Early Conscientiousness for Socio-Economic Outcomes: Evidence from the British Cohort Study," CPB Discussion Paper 251, CPB Netherlands Bureau for Economic Policy Analysis.
  • Handle: RePEc:cpb:discus:251
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    References listed on IDEAS

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    Cited by:

    1. repec:zbw:espost:168322 is not listed on IDEAS
    2. Savelyev, Peter A. & Tan, Kegon T.K., 2017. "Socioemotional Skills, Education, and Health-Related Outcomes of High-Ability Individuals," IZA Discussion Papers 11213, Institute for the Study of Labor (IZA).
    3. Frauke H. Peter & Pia S. Schober & C. Katharina Spieß, 2014. "Early Birds in Day Care: The Social Gradient in Starting Day Care and Children's Non-cognitive Skills," Discussion Papers of DIW Berlin 1438, DIW Berlin, German Institute for Economic Research.
    4. Claire Tyler, 2016. "The role of non-cognitive and cognitive skills in accounting for the intergenerational transmission of 'top job' status," DoQSS Working Papers 16-03, Department of Quantitative Social Science - UCL Institute of Education, University College London.
    5. Peter, Frauke, 2016. "The effect of involuntary maternal job loss on children's behaviour and non-cognitive skills," Labour Economics, Elsevier, vol. 42(C), pages 43-63.
    6. repec:eee:joepsy:v:64:y:2018:i:c:p:116-129 is not listed on IDEAS

    More about this item

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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