Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/223431
Authors: 
Stillman, Steven
Velamuri, Malathi
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8359
Abstract: 
A nascent but burgeoning literature examines the importance of non-cognitive skills in determining success across many facets of life. The majority of these papers treat these skills as fixed traits for adults. We estimate the impact of a number of life events on the Big Five personality traits and locus of control. A subset of life events have large impacts on these non-cognitive skills, especially on locus of control. For some events, these impacts persist in the medium-run. We then demonstrate that treating personality traits as fixed can lead to biased estimates of their relationship with socioeconomic outcomes.
Subjects: 
personality
non-cognitive skills
life events
fixed traits
JEL: 
J24
C18
Document Type: 
Working Paper

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