Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80574
Authors: 
Prevoo, Tyas
ter Weel, Bas
Year of Publication: 
2013
Series/Report no.: 
IZA Discussion Paper 7537
Abstract: 
This research estimates models of the importance of conscientiousness for socio-economic outcomes. We use measures of conscientiousness at age 16 to explain adult wages and other outcomes, such as crime, health and savings behaviour. We use several waves from the 1970 British Cohort Study. Our estimates suggest a significant and sizeable correlation between early conscientiousness and adult outcomes. Measurement error is corrected for by applying IV-techniques, errors-in-variables estimators and structural equation modelling. Investigation of the lower-order structure of conscientiousness suggests that facets related to reliability, decisiveness and impulse control are most strongly correlated with outcomes. We also investigate changes in early conscientiousness and find that persons who experience declines in the personality distribution between the ages 10 and 16 seem to be worse off in terms of a variety of socio-economic outcomes.
Subjects: 
conscientiousness
personality traits
socio-economic outcomes
preferences
JEL: 
J24
Document Type: 
Working Paper

Files in This Item:
File
Size
805.17 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.