The returns to cognitive abilities and personality traits in Germany |
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| Authors: | Guido Heineck Silke Anger |
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| Institution: | 1. School of Government and Policy, Faculty of Business, Government, and Law, University of Canberra, Australia;2. College of Business, Government and Law, Flinders University, Australia;1. E. J. Ourso College of Business, Department of Economics, Louisiana State University, Baton Rouge, LA 70803, United States;2. Robert Day School of Economics and Finance, Claremont McKenna College, Claremont, CA 91711, United States;1. Department of Economics, Universidad Autónoma de Madrid Cantoblanco (28049). Madrid (Spain);2. Department of Quantitative Methods, Universidad Pontificia Comillas, CEEAplA and IZA C/Alberto Aguilera 23, s/n, 28015 - Madrid (Spain) |
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| Abstract: | We provide the first joint evidence on the relationship between individuals' cognitive abilities, their personality and earnings for Germany. Using data from the German Socio-Economic Panel Study, we employ scores from an ultra-short IQ-test and a set of measures of personality traits, namely locus of control, reciprocity and all basic items from the Five Factor Personality Inventory. Our estimates suggest a positive effect of so-called fluid intelligence or speed of cognition on males' wages only. Findings for personality traits are more heterogeneous. However, there is a robust wage penalty for an external locus of control for both men and women. |
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