Todd, Petra; Zhang, Weilong - In: Quantitative economics : QE ; journal of the … 11 (2020) 1, pp. 231-275
This paper develops a dynamic model of schooling and occupational choices that incorporates personality traits, as … measured by the "big five" traits. The model is estimated using the HILDA dataset from Australia. Personality traits are found … personality trait scores. Allowing personality traits to evolve with age and with schooling proves to be important to capturing …