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

Author

Listed:
  • 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.

Suggested Citation

  • Hendrik Thiel & Stephan L. Thomsen, 2009. "Noncognitive Skills in Economics: Models, Measurement, and Empirical Evidence," FEMM Working Papers 09037, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    • Handle: RePEc:mag:wpaper:09037
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    1. Non-cognitive skills
      by Kevin Denny in Geary Behaviour Centre on 2009-12-20 22:05:00
    2. Weekly Wisdom Roundup # 57 (Weeklong Reading For The Smarter People)
      by Miguel in Simoleon Sense on 2009-12-21 08:39:20

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    Keywords

    noncognitive skills; personality; human capital formation; psychometric measures;
    All these keywords.

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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