Personality and Employment Transitions at Older Ages: Direct and Indirect Effects Through Non-Monetary Job Characteristics

32 Pages Posted: 4 Sep 2018

See all articles by Marco Angrisani

Marco Angrisani

Center for Economic and Social Research (CESR)

Michael D. Hurd

RAND Corporation; State University of New York at Stony Brook - College of Arts and Science - Department of Economics; National Bureau of Economic Research (NBER)

Erik Meijer

University of Southern California; RAND Corporation

Andrew M. Parker

RAND Corporation

Susann Rohwedder

RAND Corporation

Multiple version iconThere are 2 versions of this paper

Date Written: December 19, 2016

Abstract

We study whether individuals with different personality traits systematically exhibit different retirement trajectories. We find weak direct associations between personality and employment transitions. On the other hand, personality does contribute indirectly to these transitions by moderating the effects of non-monetary job characteristics. Specifically, workers with different traits are observed to follow different retirement paths when faced with similar physical demands, computer skills requirements, job flexibility and age discrimination in the workplace. Contrary to other economic domains, conscientiousness does not have the strongest association with retirement; the other components of the Big Five personality traits show more salient patterns.

Keywords: retirement, Big Five personality traits, job characteristics

JEL Classification: J26, J14, J28

Suggested Citation

Angrisani, Marco and Hurd, Michael D. and Meijer, Erik and Parker, Andrew M. and Rohwedder, Susann, Personality and Employment Transitions at Older Ages: Direct and Indirect Effects Through Non-Monetary Job Characteristics (December 19, 2016). Available at SSRN: https://ssrn.com/abstract=3238242 or http://dx.doi.org/10.2139/ssrn.3238242

Marco Angrisani (Contact Author)

Center for Economic and Social Research (CESR) ( email )

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Michael D. Hurd

RAND Corporation ( email )

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State University of New York at Stony Brook - College of Arts and Science - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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Erik Meijer

University of Southern California ( email )

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RAND Corporation ( email )

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Andrew M. Parker

RAND Corporation ( email )

1776 Main Street
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Susann Rohwedder

RAND Corporation ( email )

P.O. Box 2138
1776 Main Street
Santa Monica, CA 90407-2138
United States

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