The Register of Completed Education and Degrees contains exact information on the educational degrees the individual has obtained, including both the level and field, and the date at which the degree was granted. [...] The figure shows a secular fall in the value of cognitive skills and clear rise in the value of noncognitive skills between 2001–2015. [...] (2016) who observe a reduction in the employment share of cognitive tasks in the US, and with Castex & Kogan Dechter (2014) who report a decline in the returns to cognitive skills in the US using NLSY data. [...] The main observation is that the difference between the trends in extraversion and conscientiousness is more pronounced at the extensive margin. [...] Conversely, the groups where one trait was in the upper third and the other in the lower third expanded from 15% to 18%.
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- 69
- Published in
- United Kingdom
Table of Contents
- Cover 1
- stereotypes 2
- Introduction 3
- Data on Psychological Traits, Education, and Work 6
- Psychological Traits 6
- Cognitive Skills 7
- Personality Traits 7
- Labor-Market Outcomes and Background Characteristics 10
- Educational Records 10
- Main Estimation Sample 11
- Trends in the Returns to Psychological Traits 11
- Rising Returns to Noncognitive Skills 11
- Extraversion Is Driving the Rising Returns 12
- Trends Are Robust to Different Personality Measures 12
- The Role of Education 13
- Employment Is Driving the Rising Returns to Extraversion 14
- Trends Are Strongest at the Bottom of the Income Distribution 14
- Interactions Between Traits Decrease 15
- Illustrating Magnitudes with Discrete Groups 16
- Addressing Measurement Error 16
- Decomposing Trends 18
- Contextualizing the Traits in School and Labor Market 18
- Education Responds in Different Ways to Different Traits 19
- Personality Matters in the Labor-Market 19
- Diverging Paths to Success for Different Personalities 21
- Occupational Sorting 21
- Productive Activities from Early to Mid Adulthood 22
- Narrowing the Comparison Group with Fixed Effects 23
- Discussion 24
- Concluding Remarks 25
- Figures 31
- Supplementary Figures and Tables 45
- Appendix A 45
- Supplementary Details on Data 62
- Appendix B 62
- The Finnish Defence Forces Psychological Test DataBack to Section 2.1.2. 62
- Harmonizing the High-School Mathematics Data 64
- Model 65
- Appendix C 65
