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The Returns to Personality Traits Across the Wage Distribution
Author(s) -
Collischon Matthias
Publication year - 2020
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/labr.12165
Subject(s) - big five personality traits , wage , quantile , economics , neuroticism , distribution (mathematics) , agreeableness , personality , demographic economics , labour economics , econometrics , psychology , social psychology , extraversion and introversion , mathematical analysis , mathematics
This paper investigates variation in the wage effects of personality traits across the wage distribution. I expect increasing magnitudes of the effects of personality traits on wages for high‐ compared to low‐wage employees and test this hypothesis using unconditional quantile regressions with data from Germany, the UK , and Australia. The findings show increasing magnitudes of the effects of especially agreeableness, neuroticism and risk taking across the wage distribution and provide further evidence for the importance of non‐cognitive skills for wages.