The Labor Market Returns to Cognitive and Noncognitive Ability: Evidence from the Swedish Enlistment

被引：317
|
作者：
Lindqvist, Erik [1 ]
Vestman, Roine [2 ]
机构：
[1] Stockholm Sch Econ, SE-11383 Stockholm, Sweden
[2] Inst Financial Res SIFR, SE-11360 Stockholm, Sweden
来源：
AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS | 2011年 / 3卷 / 01期
关键词：
TEST-SCORES; EXTERNAL-CONTROL; SKILL FORMATION; PERSONALITY; INEQUALITY; EARNINGS; OUTCOMES; LESSONS; WAGES; US;
D O I：
10.1257/app.3.1.101
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We use data from the Swedish military enlistment to assess the importance of cognitive and noncognitive ability for labor market outcomes. The measure of noncognitive ability is based on a personal interview conducted by a psychologist. We find strong evidence that men who fare poorly in the labor market-in the sense of unemployment or low annual earnings-lack noncognitive rather than cognitive ability. However, cognitive ability is a stronger predictor of wages for skilled workers and of earnings above the median. (JEL J24, J31, J45)
引用
收藏
页码：101 / 128
页数：28
相关论文
共 50 条
  • [41] Local Housing Market Sentiments and Returns: Evidence from China
    Shulin Shen
    Yiyi Zhao
    Jindong Pang
    [J]. The Journal of Real Estate Finance and Economics, 2024, 68 : 488 - 522
  • [42] Ability to work from home: evidence from two surveys and implications for the labor market in the COVID-19 pandemic
    Dey, Matthew
    Frazis, Harley
    Loewenstein, Mark A.
    Sun, Hugette
    [J]. MONTHLY LABOR REVIEW, 2020, : 1 - 19
  • [43] Predictable returns in an emerging stock market: Evidence from Qatar
    Almujamed, Hesham I.
    [J]. COGENT BUSINESS & MANAGEMENT, 2018, 5 (01): : 1 - 26
  • [44] Skewness in financial returns: Evidence from the Portuguese stock market
    Machado-Santos, C
    Fernandes, AC
    [J]. FINANCE A UVER-CZECH JOURNAL OF ECONOMICS AND FINANCE, 2005, 55 (9-10): : 460 - 470
  • [45] Weather effects on returns: Evidence from the Korean stock market
    Yoon, Seong-Min
    Kang, Sang Hoon
    [J]. PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS, 2009, 388 (05) : 682 - 690
  • [46] Market States and Initial Returns: Evidence from Taiwanese IPOs
    Lee, Jen-Sin
    Kuo, Chin-Tai
    Yen, Pi-Hsia
    [J]. EMERGING MARKETS FINANCE AND TRADE, 2011, 47 (02) : 6 - 20
  • [47] Local Housing Market Sentiments and Returns: Evidence from China
    Shen, Shulin
    Zhao, Yiyi
    Pang, Jindong
    [J]. JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 2024, 68 (03): : 488 - 522
  • [48] Extreme illiquidity and stock returns: Evidence from Thailand market
    Chen, Xi
    Wang, Junbo
    Wang, Yanchu
    Zhong, Xiaoling
    [J]. PACIFIC-BASIN FINANCE JOURNAL, 2023, 82
  • [49] LABOR CONTRACTS AND FLEXIBILITY: EVIDENCE FROM A LABOR MARKET REFORM IN SPAIN
    Aguirregabiria, Victor
    Alonso-Borrego, Cesar
    [J]. ECONOMIC INQUIRY, 2014, 52 (02) : 930 - 957
  • [50] Returns to Scale from Labor Specialization: Evidence from Asset Management Mergers
    Luo, Mancy
    Manconi, Alberto
    Schumacher, David
    [J]. REVIEW OF CORPORATE FINANCE STUDIES, 2024, 13 (02): : 384 - 427
12345