A dynamic model of personality, schooling, and occupational choice
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 to play an important role in explaining educatio...
Gespeichert in:
| Veröffentlicht in: | Quantitative economics 2020, Vol.11 (1), p.231-275 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 275 |
|---|---|
| container_issue | 1 |
| container_start_page | 231 |
| container_title | Quantitative economics |
| container_volume | 11 |
| creator | Todd, Petra Zhang, Weilong |
| description | 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 to play an important role in explaining education and occupation choices over the lifecycle. Results show that 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 the heterogeneity in how people respond to educational policies. The estimated model is used to evaluate two education policies: compulsory senior secondary school and a 50% college tuition subsidy. Both policies increase educational attainment and also affect personality traits. |
| doi_str_mv | 10.3982/QE890 |
| format | Article |
| fullrecord | <record><control><sourceid>gale_proqu</sourceid><recordid>TN_cdi_proquest_journals_2350207912</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><galeid>A735424211</galeid><sourcerecordid>A735424211</sourcerecordid><originalsourceid>FETCH-LOGICAL-c4691-4f2c229195626d3ccea6182aac847f31781923643d856f2a604c21d5f7d2b8cf3</originalsourceid><addsrcrecordid>eNptkdtKAzEQhhdRsNQ-ghAQ77p1M9nN4bKWeoCiFOx1iNmkpmw3NdkifXtTV1DBzMUMmW_-yUyybISLCREcbpZzLoqTbIBZJXJGCD79FZ9noxg3RTqEc8rwILudovrQqq3TaOtr0yBv0c6E6FvVuO4wRlG_ed-4dj1Gqq2R13q_U5075lFKOW0usjOrmmhG336Yre7mL7OHfPF8_zibLnJdUoHz0oIGEFhUFGhNtDaKYg5KaV4ySzDjWAChJal5RS0oWpQacF1ZVsMr15YMs6tedxf8-97ETm78PqR3RAmkKqBgAkOiJj21Vo2RrrW-C0onq00a0rfGunQ_ZaQqoQSMU8F1X6CDjzEYK3fBbVU4SFzI40rl10oTh3rOJBUXfygqKmCUAU9I3iMfqcfhfx25XE2fIP0AO7a-_CN5dLHzQQJmmDPyCUkKh2k</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2350207912</pqid></control><display><type>article</type><title>A dynamic model of personality, schooling, and occupational choice</title><source>Wiley Journals</source><source>DOAJ Directory of Open Access Journals</source><source>EBSCOhost Business Source Complete</source><source>Wiley Online Library Open Access</source><source>EZB-FREE-00999 freely available EZB journals</source><source>Wiley Online Library (Open Access Collection)</source><creator>Todd, Petra ; Zhang, Weilong</creator><creatorcontrib>Todd, Petra ; Zhang, Weilong</creatorcontrib><description>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 to play an important role in explaining education and occupation choices over the lifecycle. Results show that 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 the heterogeneity in how people respond to educational policies. The estimated model is used to evaluate two education policies: compulsory senior secondary school and a 50% college tuition subsidy. Both policies increase educational attainment and also affect personality traits.</description><identifier>ISSN: 1759-7331</identifier><identifier>ISSN: 1759-7323</identifier><identifier>EISSN: 1759-7331</identifier><identifier>DOI: 10.3982/QE890</identifier><language>eng</language><publisher>New Haven, CT: The Econometric Society</publisher><subject>Age ; Career choice ; Cognition & reasoning ; Cognitive ability ; Cognitive skills ; Compulsory education ; Costs ; D61 ; dynamic discrete choice ; Econometrics ; Economic models ; Education ; Education policy ; Educational attainment ; Employment ; Endowment ; Five factor model ; human capital investment ; I26 ; Interest rates ; J24 ; Labor market ; Market entry ; Occupational choice ; Personality ; Personality traits ; Personality traits and education policies ; Secondary schools ; Skills ; Subsidies ; unobserved types</subject><ispartof>Quantitative economics, 2020, Vol.11 (1), p.231-275</ispartof><rights>Copyright © 2020 The Authors.</rights><rights>COPYRIGHT 2020 John Wiley & Sons, Inc.</rights><rights>2020. This work is published under http://creativecommons.org/licenses/by-nc/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c4691-4f2c229195626d3ccea6182aac847f31781923643d856f2a604c21d5f7d2b8cf3</citedby><cites>FETCH-LOGICAL-c4691-4f2c229195626d3ccea6182aac847f31781923643d856f2a604c21d5f7d2b8cf3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.3982%2FQE890$$EPDF$$P50$$Gwiley$$Hfree_for_read</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.3982%2FQE890$$EHTML$$P50$$Gwiley$$Hfree_for_read</linktohtml><link.rule.ids>314,780,784,864,1417,1433,4024,11562,27923,27924,27925,45574,45575,46052,46409,46476,46833</link.rule.ids></links><search><creatorcontrib>Todd, Petra</creatorcontrib><creatorcontrib>Zhang, Weilong</creatorcontrib><title>A dynamic model of personality, schooling, and occupational choice</title><title>Quantitative economics</title><description>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 to play an important role in explaining education and occupation choices over the lifecycle. Results show that 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 the heterogeneity in how people respond to educational policies. The estimated model is used to evaluate two education policies: compulsory senior secondary school and a 50% college tuition subsidy. Both policies increase educational attainment and also affect personality traits.</description><subject>Age</subject><subject>Career choice</subject><subject>Cognition & reasoning</subject><subject>Cognitive ability</subject><subject>Cognitive skills</subject><subject>Compulsory education</subject><subject>Costs</subject><subject>D61</subject><subject>dynamic discrete choice</subject><subject>Econometrics</subject><subject>Economic models</subject><subject>Education</subject><subject>Education policy</subject><subject>Educational attainment</subject><subject>Employment</subject><subject>Endowment</subject><subject>Five factor model</subject><subject>human capital investment</subject><subject>I26</subject><subject>Interest rates</subject><subject>J24</subject><subject>Labor market</subject><subject>Market entry</subject><subject>Occupational choice</subject><subject>Personality</subject><subject>Personality traits</subject><subject>Personality traits and education policies</subject><subject>Secondary schools</subject><subject>Skills</subject><subject>Subsidies</subject><subject>unobserved types</subject><issn>1759-7331</issn><issn>1759-7323</issn><issn>1759-7331</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2020</creationdate><recordtype>article</recordtype><sourceid>24P</sourceid><sourceid>WIN</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNptkdtKAzEQhhdRsNQ-ghAQ77p1M9nN4bKWeoCiFOx1iNmkpmw3NdkifXtTV1DBzMUMmW_-yUyybISLCREcbpZzLoqTbIBZJXJGCD79FZ9noxg3RTqEc8rwILudovrQqq3TaOtr0yBv0c6E6FvVuO4wRlG_ed-4dj1Gqq2R13q_U5075lFKOW0usjOrmmhG336Yre7mL7OHfPF8_zibLnJdUoHz0oIGEFhUFGhNtDaKYg5KaV4ySzDjWAChJal5RS0oWpQacF1ZVsMr15YMs6tedxf8-97ETm78PqR3RAmkKqBgAkOiJj21Vo2RrrW-C0onq00a0rfGunQ_ZaQqoQSMU8F1X6CDjzEYK3fBbVU4SFzI40rl10oTh3rOJBUXfygqKmCUAU9I3iMfqcfhfx25XE2fIP0AO7a-_CN5dLHzQQJmmDPyCUkKh2k</recordid><startdate>2020</startdate><enddate>2020</enddate><creator>Todd, Petra</creator><creator>Zhang, Weilong</creator><general>The Econometric Society</general><general>John Wiley & Sons, Inc</general><scope>OT2</scope><scope>24P</scope><scope>WIN</scope><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>F~G</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>PIMPY</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope></search><sort><creationdate>2020</creationdate><title>A dynamic model of personality, schooling, and occupational choice</title><author>Todd, Petra ; Zhang, Weilong</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c4691-4f2c229195626d3ccea6182aac847f31781923643d856f2a604c21d5f7d2b8cf3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2020</creationdate><topic>Age</topic><topic>Career choice</topic><topic>Cognition & reasoning</topic><topic>Cognitive ability</topic><topic>Cognitive skills</topic><topic>Compulsory education</topic><topic>Costs</topic><topic>D61</topic><topic>dynamic discrete choice</topic><topic>Econometrics</topic><topic>Economic models</topic><topic>Education</topic><topic>Education policy</topic><topic>Educational attainment</topic><topic>Employment</topic><topic>Endowment</topic><topic>Five factor model</topic><topic>human capital investment</topic><topic>I26</topic><topic>Interest rates</topic><topic>J24</topic><topic>Labor market</topic><topic>Market entry</topic><topic>Occupational choice</topic><topic>Personality</topic><topic>Personality traits</topic><topic>Personality traits and education policies</topic><topic>Secondary schools</topic><topic>Skills</topic><topic>Subsidies</topic><topic>unobserved types</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Todd, Petra</creatorcontrib><creatorcontrib>Zhang, Weilong</creatorcontrib><collection>EconStor</collection><collection>Wiley Online Library Open Access</collection><collection>Wiley Online Library (Open Access Collection)</collection><collection>ECONIS</collection><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>Access via ABI/INFORM (ProQuest)</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>Publicly Available Content Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest Central Basic</collection><jtitle>Quantitative economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Todd, Petra</au><au>Zhang, Weilong</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>A dynamic model of personality, schooling, and occupational choice</atitle><jtitle>Quantitative economics</jtitle><date>2020</date><risdate>2020</risdate><volume>11</volume><issue>1</issue><spage>231</spage><epage>275</epage><pages>231-275</pages><issn>1759-7331</issn><issn>1759-7323</issn><eissn>1759-7331</eissn><abstract>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 to play an important role in explaining education and occupation choices over the lifecycle. Results show that 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 the heterogeneity in how people respond to educational policies. The estimated model is used to evaluate two education policies: compulsory senior secondary school and a 50% college tuition subsidy. Both policies increase educational attainment and also affect personality traits.</abstract><cop>New Haven, CT</cop><pub>The Econometric Society</pub><doi>10.3982/QE890</doi><tpages>45</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1759-7331 |
| ispartof | Quantitative economics, 2020, Vol.11 (1), p.231-275 |
| issn | 1759-7331 1759-7323 1759-7331 |
| language | eng |
| recordid | cdi_proquest_journals_2350207912 |
| source | Wiley Journals; DOAJ Directory of Open Access Journals; EBSCOhost Business Source Complete; Wiley Online Library Open Access; EZB-FREE-00999 freely available EZB journals; Wiley Online Library (Open Access Collection) |
| subjects | Age Career choice Cognition & reasoning Cognitive ability Cognitive skills Compulsory education Costs D61 dynamic discrete choice Econometrics Economic models Education Education policy Educational attainment Employment Endowment Five factor model human capital investment I26 Interest rates J24 Labor market Market entry Occupational choice Personality Personality traits Personality traits and education policies Secondary schools Skills Subsidies unobserved types |
| title | A dynamic model of personality, schooling, and occupational choice |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-28T22%3A17%3A51IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-gale_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=A%20dynamic%20model%20of%20personality,%20schooling,%20and%20occupational%20choice&rft.jtitle=Quantitative%20economics&rft.au=Todd,%20Petra&rft.date=2020&rft.volume=11&rft.issue=1&rft.spage=231&rft.epage=275&rft.pages=231-275&rft.issn=1759-7331&rft.eissn=1759-7331&rft_id=info:doi/10.3982/QE890&rft_dat=%3Cgale_proqu%3EA735424211%3C/gale_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2350207912&rft_id=info:pmid/&rft_galeid=A735424211&rfr_iscdi=true |