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Title: The Impact of Personality on Economic Decisions
Resulting in 1 citation.
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Girtz, Robert |
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The Impact of Personality on Economic Decisions Ph.D. Dissertation, Middle Tennessee State University, 2012 Cohort(s): NLSY79 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Educational Attainment; Locus of Control (see Rotter Scale); Personality/Big Five Factor Model or Traits; Propensity Scores; Self-Esteem; Wages Permission to reprint the abstract has not been received from the publisher. This dissertation contains three chapters focusing on the impact of several personality traits -- locus of control, self-esteem and self-monitoring - on economic outcomes including wages, educational attainment, and decisions in game-theoretical experiments. In the first chapter, entitled "The Effects of Personality Traits on Wages: A Matching Approach," I utilize the National Longitudinal Survey of Youth 1979 to estimate the effects of adolescent measurements of self-esteem and locus of control on adult wages using propensity score matching. An adolescent possessing high self-esteem will experience between 8.5 to 9.2 percent higher wages as an adult. When cognitive skill and family background characteristics are controlled for, locus of control as an adolescent is insignificant in explaining adult wages. In the second chapter entitled "Self-esteem, Educational Attainment and Wages: A Question of Selection," I use the National Longitudinal Survey of Youth 1979 again to explore the relationship between self-esteem and wages found in the first chapter more closely. I find that self-esteem partially estimates selection into higher levels of education. Conditional on this selection, the remaining direct effects of self-esteem on wages are negligible. This evidence suggests that self-esteem affects wages indirectly through educational attainment. |
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Bibliography Citation
Girtz, Robert. The Impact of Personality on Economic Decisions. Ph.D. Dissertation, Middle Tennessee State University, 2012. |