TITLE

Heterogeneous returns to personality: the role of occupational choice

AUTHOR(S)
John, Katrin; Thomsen, Stephan
PUB. DATE
September 2014
SOURCE
Empirical Economics;Sep2014, Vol. 47 Issue 2, p553
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
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 (Big Five personality traits, locus of control, and a measure of reciprocity), the empirical findings show that personal characteristics are important determinants of occupational choice. Associated with that, identical personality traits are differently rewarded across occupations. Hence, breaking down the analysis on the level of occupational groups provides more detailed results of returns to personality. By evaluating different personality profiles, we additionally 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.
ACCESSION #
97288607

 

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