Personality Traits Across the Life Cycle: Disentangling Age, Period and Cohort Effects*
Fitzenberger B, Mena G, Nimczik J, Sunde U (2021)
Publication Type: Journal article
Publication year: 2021
Journal
DOI: 10.1093/ej/ueab093
Abstract
Economists increasingly recognise the importance of personality traits for socio-economic outcomes, but little is known about the stability of these traits over the life cycle. Existing empirical contributions typically focus on age patterns and disregard cohort and period influences. This paper contributes novel evidence for the separability of age, period and cohort effects for a broad range of personality traits based on systematic specification tests for disentangling age, period and cohort influences. Our estimates document that, for different cohorts, the evolution of personality traits across the life cycle follows a stable, though non-constant, age profile, while there are sizeable differences across time periods.
Authors with CRIS profile
Additional Organisation(s)
Involved external institutions
Humboldt-Universität zu Berlin
Germany (DE)
ESMT European School of Management and Technology
Germany (DE)
Ludwig-Maximilians-Universität (LMU)
Germany (DE)
Germany (DE)
ESMT European School of Management and Technology
Germany (DE)
Ludwig-Maximilians-Universität (LMU)
Germany (DE)
How to cite
APA:
Fitzenberger, B., Mena, G., Nimczik, J., & Sunde, U. (2021). Personality Traits Across the Life Cycle: Disentangling Age, Period and Cohort Effects*. The Economic Journal. https://dx.doi.org/10.1093/ej/ueab093
MLA:
Fitzenberger, Bernd, et al. "Personality Traits Across the Life Cycle: Disentangling Age, Period and Cohort Effects*." The Economic Journal (2021).
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