Involuntary job loss and changes in personality traits

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Involuntary Job Loss and Changes in Personality Traits februAry 2017Any opinions expressed in this paper are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but IZA takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The IZA Institute of Labor Economics is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Foundation, IZA runs the world's largest network of economists, whose research aims to provide answers to the global labor market challenges of our time. Our key objective is to build bridges between academic research, policymakers and society. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.

Some Contributions of Economics to the Study of Personality

“…Furthermore, Malmendier and Nagel (Malmendier and Nagel) document that individuals who experienced negative financial events such as the Great Depression exhibit a lower willingness to take financial risks. 91 Anger et al (2017) show that trauma can sometimes also result in positive changes in personality. Studying German data, they find 87 Elasticities of substitution are essentially the same at different stages of the life cycle.…”

Income and Mental Well-Being: Personality Traits as Moderators

“…In a meta-analysis conducted using longitudinal studies, Roberts et al (2006b) also showed statistically significant mean-level changes in Big Five personality traits in middle (40-60) and old (> 60) age. Personality changes can result from environmental changes in social roles or cultural milieu (Helson et al 2002a;Scollon and Diener 2006) or from life and work experiences (e.g., Roberts et al 2003;Roberts et al 2006a;Mroczek and Spiro 2003;Elkins et al 2017;Anger et al 2017;Golsteyn and Schildberg-Hörisch 2017).…”

The Returns to Personality Traits Across the Wage Distribution

“…To tackle this problem, I follow Heineck and Anger (), Heineck (), and Nyhus and Pons () who regress the personality traits on age and age squared and use the residuals of these regressions for the analysis. Studies show (Anger et al ., ; Cobb‐Clark and Schurer, , ) that personality traits are mostly stable for at least 4 years and mostly stable around the age of 30 (Costa and McCrae, ). With a mean age of 40–42 years in all datasets, personality traits should mostly be stable.…”