This paper develops a dynamic model of schooling and occupational choices that incorporates personality traits, as … individuals with a comparative advantage in schooling and white‐collar work have, on average, higher cognitive skills and higher … personality trait scores. Allowing personality traits to evolve with age and with schooling proves to be important to capturing …

differences. Finally, we find that inequality in human capital distribution increases in time and that, in the long run …, inequality always promotes growth. …