The returns to cognitive and non-cognitive abilities in Germany

Table 2: Log hourly wages regressed on cognitive abilities and personality traits, panel
estimates
Females: RE Females: HTIV Males: RE Males: HTIV
(1) (2) (3) (4)
Personality traits
FFM: Openness 0.019 0.026 -0.001 0.012
(0.013) (0.016) (0.016) (0.016)
FFM: Conscientiousness 0.001 -0.006 0.011 0.004
(0.014) (0.014) (0.014) (0.015)
FFM: Extraversion -0.005 -0.001 0.007 -0.002
(0.015) (0.015) (0.013) (0.014)
FFM: Agreeableness -0.021* -0.031** -0.019 -0.017
(0.012) (0.015) (0.012) (0.012)
FFM: Neuroticism -0.009 -0.008 0.001 -0.002
(0.014) (0.014) (0.012) (0.013)
Positive reciprocity 0.022* 0.023* 0.019* 0.023*
(0.013) (0.012) (0.011) (0.014)
Negative reciprocity -0.0002 -0.0001 0.018 0.013
(0.013) (0.013) (0.013) (0.013)
External locus of control -0.052*** -0.061*** -0.060*** -0.075***
(0.014) (0.017) (0.014) (0.016)
Cognitive abilities
SCT 0.008 0.011 0.030** 0.035**
(0.014) (0.016) (0.013) (0.014)
Individ. controls + + + +
IMR -1.520*** -1.425*** -1.610*** -1.434***
(0.193) (0.270) (0.219) (0.274)
Chi 2 (FFM = 0) 5.09 8.11 3.22 2.31
Chi 2 (Personality var. = 0) 22.27*** 21.31*** 24.78*** 27.27***
R 2 0.318 – 0.418 –
Notes: N = 6195 (females) / 6826 (males); IMR: Inverse Mills Ratio to correct for sample selection;
standard errors (in parentheses) are derived from bootstrapping with 500 replications;
*** p