Personality, IQ, and lifetime earnings
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Personality, IQ, and lifetime earnings. / Gensowski, Miriam.
In: Labour Economics, Vol. 51, 04.2018, p. 170-183.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Personality, IQ, and lifetime earnings
AU - Gensowski, Miriam
PY - 2018/4
Y1 - 2018/4
N2 - This paper estimates the effects of personality traits and IQ on lifetime earnings of the men and women of the Terman study, a high-IQ U.S. sample. Age-by-age earnings profiles allow a study of when personality traits affect earnings most, and for whom the effects are strongest. I document a concave life-cycle pattern in the payoffs to personality traits, with the largest effects between the ages of 40 and 60. An interaction of traits with education reveals that personality matters most for highly educated men. The largest effects are found for Conscientiousness, Extraversion, and Agreeableness (negative), where Conscientiousness operates partly through education, which also has significant returns.
AB - This paper estimates the effects of personality traits and IQ on lifetime earnings of the men and women of the Terman study, a high-IQ U.S. sample. Age-by-age earnings profiles allow a study of when personality traits affect earnings most, and for whom the effects are strongest. I document a concave life-cycle pattern in the payoffs to personality traits, with the largest effects between the ages of 40 and 60. An interaction of traits with education reveals that personality matters most for highly educated men. The largest effects are found for Conscientiousness, Extraversion, and Agreeableness (negative), where Conscientiousness operates partly through education, which also has significant returns.
KW - Faculty of Social Sciences
KW - personality traits
KW - socio-emotional skills
KW - cognitive skills
KW - returns to education
KW - lifetime earnings
KW - Big Five
KW - human capital
KW - factor analysis
KW - J24
KW - I24
KW - J16
U2 - 10.1016/j.labeco.2017.12.004
DO - 10.1016/j.labeco.2017.12.004
M3 - Journal article
VL - 51
SP - 170
EP - 183
JO - Labour Economics
JF - Labour Economics
SN - 0927-5371
ER -
ID: 188155345