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Persistent link: https://www.econbiz.de/10009571031
substantial effect of traits on income. -- Life satisfaction ; household income ; personality theory ; neuroticism …
Persistent link: https://www.econbiz.de/10009557653
People gain utility from occupying a higher ranked position in the income distribution of the reference group. This paper investigates whether these gains depend on an individual's set of non-cognitive skills. Using the 2000-2008 waves of the German Socioeconomic Panel dataset (SOEP), a...
Persistent link: https://www.econbiz.de/10009533983
Persistent link: https://www.econbiz.de/10011505908
a simple model based on Prospect Theory, where we assume that: (i) life satisfaction is dependent on the gap between …
Persistent link: https://www.econbiz.de/10010479011
Persistent link: https://www.econbiz.de/10009614681
We show that personality traits mediate the effect of income on Life Satisfaction. The effect is strong in the case of Neuroticism, which measures the sensitivity to threat and punishment, in both the British Household Panel Survey and the German Socioeconomic Panel. Neuroticism increases the...
Persistent link: https://www.econbiz.de/10013101866
Persistent link: https://www.econbiz.de/10012549109
We investigate whether non-cognitive skills - in particular Locus of Control - are important determinants of the labour market processes at the low-wage margin. Based on data from the German Socio-Economic Panel, we estimate dynamic multinomial logit models with random effects and investigate...
Persistent link: https://www.econbiz.de/10010190193
People gain utility from occupying a higher ranked position in the income distribution of the reference group. This paper investigates whether these gains depend on an individual's set of non-cognitive skills. Using the 2000-2008 waves of the German Socioeconomic Panel dataset (SOEP), a...
Persistent link: https://www.econbiz.de/10009541951