We use a novel approach to explore how people sort into different careers based on their personality skills. We link genetic data from individuals in the Swedish Twin Registry to government register data, making use of new polygenic indices that capture the genetic predispositions of individuals...

Understanding risk-adjusted returns in real estate investment are crucial, but little is known about the risk-adjusted returns for direct real estate. This paper examines risk-adjusted total returns by developing an extended capital asset pricing model (CAPM) to investigate whether direct real...

In recent years, researchers have become increasingly aware of the impact that personality traits have on individual lifestyle decisions, both positive and negative. Using longitudinal data from a large household survey as well as genetic information from the UK, the present study unveils the...

This study analyzes the factors that determine aspirations’ formation in young people. Using the Mexican Social Mobility Survey database, enriched with geographical and geostatistical information regarding neighborhood’s accessibility and aesthetic, we estimated generalized ordered probit...

The future of teleworking ultimately depends on its impact on workers’ productivity and wellbeing, yet the effect of remote working on productivity is not well understood. This paper investigates the link between personality traits and workers’ productivity when working from home. We exploit...

Via a study of innovating German consumers, we explore links between the “Big Five” personality traits and successful accomplishment of three basic innovation process stages by consumer-innovators: (1) generating an idea for a new product or product improvement, (2) developing a prototype...

This paper studies whether and how Conscientiousness, a personality trait, helps individuals mitigate the adverse effects of graduating during a recession on early career outcomes. By analyzing college-educated individuals who graduated in the 1980s, we find that Conscientiousness reduces the...