Personality Traits Across the Life Cycle: Disentangling Age, Period, and Cohort Effects

Bernd Fitzenberger, Gary Mena, Jan Nimczik and Uwe Sunde
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Bernd Fitzenberger: HU Berlin
Gary Mena: HU Berlin
Jan Nimczik: ESMT Berlin

No 214, Rationality and Competition Discussion Paper Series from CRC TRR 190 Rationality and Competition

Abstract: Despite the importance for socio-economic outcomes, there is an ongoing debate about the stability of personality traits over the life cycle. By disentangling age, period and cohort influences on personality traits, this paper adds to the existing empirical contributions, which often focus on age patterns and disregard cohort and period influences. We present the results from systematic specification tests that provide novel evidence for the separability of age, period, and cohort effects in almost all personality traits. Our estimates also 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.

Keywords: big five personality traits; locus of control; risk attitudes; age-period-cohort decomposition; life cycle (search for similar items in EconPapers)
JEL-codes: D8 J1 (search for similar items in EconPapers)
Date: 2019-12-12
New Economics Papers: this item is included in nep-age and nep-cbe
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Related works:
Journal Article: Personality Traits Across the Life Cycle: Disentangling Age, Period and Cohort Effects (2022)
Working Paper: Personality Traits Across the Life Cycle: Disentangling Age, Period, and Cohort Effects (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:rco:dpaper:214

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