TY  - UNPD
A1  - Vellekoop, Nathanaël
T1  - The impact of long-run macroeconomic experiences on personality
T2  - SAFE working paper series ; No. 142
N2  - Using two datasets containing demographically representative samples of the Dutch population, I study how lifetime experiences of aggregate labor market conditions affect personality. Three sets of findings are reported. First, experienced aggregate unemployment is negatively correlated with the levels of all Big Five personality traits, except for conscientiousness (no significant correlation). Second, in panel data models with individual fixed effects I find that changes in experienced aggregate unemployment cause changes in emotional stability and agreeableness for men, and conscientiousness for women. The correlation is positive, and effects are economically large. Thirdly, I report suggestive evidence that the main driver is experienced aggregate unemployment, instead of other macroeconomic variables as experienced GDP, stock market returns or inflation. Taken together, these findings suggest that changes in Big Five personality traits are systematically related to experienced aggregate labor market conditions.
T3  - SAFE working paper - 142 
KW  - Personality traits
KW  - Big Five
KW  - Locus of control
KW  - labor market
KW  - unemployment
Y1  - 2016
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/41694
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-416946
UR  - https://ssrn.com/abstract=2835432
IS  - August 2016
PB  - SAFE
CY  - Frankfurt am Main
ER  -