Taking the initiative. What characterizes leaders?

Bruttel, Lisa; Fischbacher, Urs

doi:10.1016/j.euroecorev.2013.08.008

Cited by 28 publications

(17 citation statements)

References 45 publications

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“…Significance levels: + p < 0.10, * p < 0.05, * * p < 0.01, * * * p < 0.001. Sources: SOEP v30 1991-2013, UKHLS 2009, HILDA 2001. The bootstrapped (400 replications) δ R 2 values (computed as described in equation 10) for the combined importance of personality traits in the SOEP for all specifications estimated.…”

Section: Resultsmentioning

confidence: 99%

“…Significance levels: + p < 0.10, * p < 0.05, * * p < 0.01, * * * p < 0.001. Sources: SOEP v30 1991-2013, UKHLS 2009, HILDA 2001. The effect of personality traits on wages with 90%-confidence intervals for the Australian sample with the EIV-correcion (corresponding to Table 13).…”

Section: B Explaining δ Rmentioning

confidence: 99%

“…The five factor model of personality (McCrae and Costa, 2008) is widely used in sociology (Jackson, 2005), political science (Mondak et al, 2010), psychology (Ashton et al, 2009), and economics (Bartling et al, 2009;Bruttel and Fischbacher, 2013). The model consists of five personality dimensions: (i) neuroticism is related to emotionality and self-doubt (Judge et al, 1999); (ii) extraversion indicates outgoingness and social orientation (Judge et al, 1999); (iii) openness to experience is related to creativity as well as nonconformity and autonomy (Judge et al, 1999); (iv) conscientiousness measures the degree of self-control and achievement 5 In the case of the SOEP (with which I conduct the main part of my analysis) minwage contains the constant as well as a dummy variable for East Germany, job contains dummy variables for full-time employment, public sector employment, establishment size, industry and occupation.…”

Section: The Big Fivementioning

confidence: 99%

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The Returns to Personality Traits Across the Wage Distribution

Collischon¹

2017

SSRN Journal

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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 SOEPpapers on Multidisciplinary Panel Data Research at DIW BerlinThis series presents research findings based either directly on data from the German SocioEconomic Panel study (SOEP) or using SOEP data as part of an internationally comparable data set (e.g. CNEF, ECHP, LIS, LWS, CHER/PACO). SOEP is a truly multidisciplinary household panel study covering a wide range of social and behavioral sciences: economics, sociology, psychology, survey methodology, econometrics and applied statistics, educational science, political science, public health, behavioral genetics, demography, geography, and sport science.The decision to publish a submission in SOEPpapers is made by a board of editors chosen by the DIW Berlin to represent the wide range of disciplines covered by SOEP. There is no external referee process and papers are either accepted or rejected without revision. Papers appear in this series as works in progress and may also appear elsewhere. They often represent preliminary studies and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be requested from the author directly.Any opinions expressed in this series are those of the author(s) and not those of DIW Berlin.Research disseminated by DIW Berlin may include views on public policy issues, but the institute itself takes no institutional policy positions. AbstractThis paper investigates variation in the wage effects of non-cognitive skills across the wage distribution. I expect (i) increasing explanatory power and (ii) increasing magnitudes of the effects of non-cognitive skills on wages across the wage distribution. I test these hypotheses using unconditional quantile regressions with data from Germany, the UK and Australia. To test the joint explanatory contribution of multiple variables within a quantile-regression framework, I propose a new statistic that quantifies the rise in explanatory power generated by additional explanatory variables. The findings support both hypotheses and provide further evidence for the importance of non-cognitive skills in the labor market.

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Section: Resultsmentioning

confidence: 99%

Section: B Explaining δ Rmentioning

confidence: 99%

Section: The Big Fivementioning

confidence: 99%

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The Returns to Personality Traits Across the Wage Distribution

Collischon¹

2017

SSRN Journal

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“…According to the results of Bruttel and Fischbacher (2013), persons as leaders are characterized by above-average cognitive skills and are predominantly male. They have strong preferences for efficiency, generosity, and against advantageous inequality, and do not primarily seek to maximize their personal monetary benefit or to obtain a positive public image.…”

Section: Introductionmentioning

confidence: 99%

Important characteristics of an entrepreneur in relation to risk taking: Czech Republic case study

Kozubíková

Dvorský

Čepel³

et al. 2017

Journal of International Studies

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Abstract. New businesses arising at the market usually operate in the sector of small and medium-sized enterprises and account for a significant part of the whole global economy. Not only the success of a start-up company, but also its sequel within the SME sector are significantly influenced by entrepreneur's personality. The aim of this article is to explore the attitude to financial risk in relation to sociodemographic characteristics (gender, education, age) and the most important personality traits of entrepreneurs (risk-taking, decisiveness, optimism). We have analyzed the data collected from 1141 respondents during 2015 in 14 regions of Czech Republic. Empirical results of our paper show that the researched entrepreneurs rather can't manage financial risks in their firms regardless their gender, education, age or personality traits. Most entrepreneurs consider the importance of financial risk to increase during the crisis period. These opinions differed in relation to age, gender and such personality traits as "decisiveness" and "optimism". The results also show that the entrepreneurs try to minimise the financial risk through building-up reserves in relation to such qualities as "risk-taking" and "decisiveness" in comparison to a rather negative attitude to "optimism".

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“…In this case, it can be shown that, the Pareto-dominant equilibrium outcome yields both Sel…sh and Other-Regarding players the same expected utility. 9 However, in the Nash stage-game equilibrium, Sel…sh players have a lower expected utility compared with Other-Regarding players, since the latter produce lower e¤orts, which increases the overall expected payo¤s. Hence, Sel…sh players have more to gain by coordinating on the Pareto-dominant equilibrium.…”

Section: Hypothesesmentioning

confidence: 99%

Do People Who Care About Others Cooperate More? Experimental Evidence from Relative Incentive Pay

2015

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We experimentally study ways in which the social preferences of individuals and groups a¤ect performance when faced with relative incentives. We also identify the mediating role that communication and leadership play in generating these e¤ects. We …nd other-regarding workers tend to depress e¤orts by 15% on average. However, sel…sh workers are nearly three times more likely to lead workers to coordinate on minimal e¤orts when communication is possible. Hence, the other-regarding composition of a team of workers has complex consequences for organizational performance.

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Taking the initiative. What characterizes leaders?

Cited by 28 publications

References 45 publications

The Returns to Personality Traits Across the Wage Distribution

The Returns to Personality Traits Across the Wage Distribution

Important characteristics of an entrepreneur in relation to risk taking: Czech Republic case study

Do People Who Care About Others Cooperate More? Experimental Evidence from Relative Incentive Pay

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