Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284015 
Year of Publication: 
2023
Series/Report no.: 
Staff Report No. 1055
Publisher: 
Federal Reserve Bank of New York, New York, NY
Abstract: 
We study the stability of noncognitive skills by comparing experimental results gathered before and during the COVID-19 pandemic. Using a sample of professional traders, we find a significant decrease in agreeableness and locus of control and a moderate decrease in grit. These patterns are primarily driven by those with more negative experiences of the pandemic. Other skills, such as trust, conscientiousness, and self-monitoring, are unchanged. We contrast these results with those from a sample of undergraduate students whose noncognitive skills remain constant (except conscientiousness). Our findings provide evidence against the stability of noncognitive skills, particularly among professional traders.
Subjects: 
noncognitive skills
COVID-19
professional traders
JEL: 
G40
D91
C93
Document Type: 
Working Paper

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