Personality, IQ, and lifetime earnings

Miriam Gensowski

doi:10.1016/j.labeco.2017.12.004

Personality, IQ, and lifetime earnings

Miriam Gensowski

28 Citationer (Scopus)

185 Downloads (Pure)

Abstract

This paper estimates the eects 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 proles allow a study of when personality traits aect earnings most, and for whom the eects are strongest. I document a concave life-cycle pattern in the payos to personality traits, with the largest eects between the ages of 40 and 60. An interaction of traits with education reveals that personality matters most for highly educated men. The largest eects are found for Conscientiousness, Extraversion, and Agreeableness (negative), where Conscientiousness operates partly through education, which also has signicant returns.

Originalsprog	Engelsk
Tidsskrift	Labour Economics
Vol/bind	51
Sider (fra-til)	170-183
ISSN	0927-5371
DOI	https://doi.org/10.1016/j.labeco.2017.12.004
Status	Udgivet - apr. 2018

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10.1016/j.labeco.2017.12.004

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abstract = "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.",

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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

SN - 0927-5371

VL - 51

SP - 170

EP - 183

JO - Labour Economics

JF - Labour Economics

ER -

Personality, IQ, and lifetime earnings

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