The Gender Pay Gap Beyond Human Capital: Heterogeneity in Noncognitive Skills and in Labor Market Tastes

Grove, Wayne A.; Hussey, Andrew; Jetter, Michael

doi:10.2139/ssrn.2240312

“…This has recently also been picked up in personality psychology by Roberts (2009) who emphasises the importance of different environments and 4 states in which people perform. Finally, early work by Filer (1983), as well as more recent work by Borghans et al (2006) and Grove et al (2011), suggests that personality is important in explaining labour-market outcomes and gender wage differentials. We also take into account the importance of sorting and add to these approaches a longitudinal approach and a distinction between types of traits.…”

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confidence: 96%

The importance of early conscientiousness for socio-economic outcomes: evidence from the British Cohort Study

Prevoo

¹

,

Weel

²

2015

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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. www.econstor.eu Investigation of the lower-order structure of conscientiousness suggests that facets related to reliability, decisiveness and impulse control are most strongly correlated with outcomes. We also investigate changes in early conscientiousness and find that persons who experience declines in the personality distribution between the ages 10 and 16 seem to be worse off in terms of a variety of socio-economic outcomes. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SJEL Classification: J24

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“…For example, net worth is highly correlated with race but it is not a major determining factor in life insurance coverage and therefore does not exhibit a large influence in the transformation of the black coefficient from negative to positive. Table 5 shows the Gelbach Decomposition for the SIPP analysis covariates following the format presented in Grove, Hussey, and Jetter (2011). In the specification for having any life insurance, two variables that contribute greatly to the sign change in the racial gap are home ownership and having a In order to better understand possible racial disparities, we also present results on the intensive margin -the face value, in dollars, of such life insurance policies.…”

Section: Resultsmentioning

confidence: 99%

Racial Disparities in Life Insurance Coverage

Harris

¹

,

Yelowitz

²

2015

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We evaluate the extent to which there are racial disparities in life insurance coverage using multiple years of the Survey of Income and Program Participation between 2001 and 2010. We find that African-Americans hold significantly more life insurance after controlling for other factors, especially employer-sponsored and whole life insurance. We demonstrate that our findings diverge from prior work because we examine all households instead of focusing exclusively on married and cohabitating households. The findings on life insurance coverage and composition imply that earnings shocks due to mortality are not a contributing factor to racial disparities in wealth.

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“…Related research has shown substantial gender differences in behavioral attitudes (e.g., see Grove et al, 2011) and we want to check whether the shock-trust relationship varies across gender. However, the results pertaining to negative financial shocks are equally relevant for…”

Section: Appendix B: Robustness Checks and Extensionsmentioning

confidence: 99%

Financial shocks and the erosion of interpersonal trust: Evidence from longitudinal data

Jetter

¹

,

Kristoffersen

²

2018

Journal of Economic Psychology

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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 Financial Shocks and the Erosion of Interpersonal Trust: Evidence from Longitudinal Data DECEMBER 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. we find that trust does not change meaningfully following a positive financial shock (e.g., winning the lottery). However, trust falls sharply following a negative financial shock (e.g., bankruptcy). In terms of magnitude, this effect is approximately equivalent to the effect observed after one reports being the victim of physical violence or a property crime, but significantly larger than effects from a range of other individual-level shocks (e.g., being fired or getting divorced). We then explore a potential explanation of this finding related to locus of control, which relates to the extent to which people believe they are in control of their circumstances. Indeed, we find evidence consistent with this hypothesis as locus of control tends to change, and become less internal, following a negative financial shock. In turn, locus of control is closely associated with interpersonal trust levels. JEL Classification:D90, E32, G40, Z1

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The Gender Pay Gap Beyond Human Capital: Heterogeneity in Noncognitive Skills and in Labor Market Tastes

Cited by 38 publications

References 55 publications

The importance of early conscientiousness for socio-economic outcomes: evidence from the British Cohort Study

The importance of early conscientiousness for socio-economic outcomes: evidence from the British Cohort Study

Racial Disparities in Life Insurance Coverage

Financial shocks and the erosion of interpersonal trust: Evidence from longitudinal data

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