Does money change who you are?: quasi-experimental evidence on the effects of wage increases on personality

Saved in:

Bibliographic Details
Authors and Corporations:	Ayaita, Adam (Author)
Type of Resource:	E-Book
Language:	English
published:	Berlin, Germany German Socio-Economic Panel (SOEP), DIW Berlin [2022]
Series:	Deutsches Institut für Wirtschaftsforschung: SOEP papers on multidisciplinary panel data research ; 1170 (2022)
Subjects:	income minimum wage money personality quasi-experiment wage Graue Literatur
Source:	Verbunddaten SWB Lizenzfreie Online-Ressourcen

Description
Summary:	Using the 2015 introduction of a statutory minimum wage in Germany as a quasi-experiment, I investigate the effects of wage increases on personality. The degree to which each worker's wage is intended to be affected by the reform is used as an instrument for the relative increase in the worker's hourly wage in a two-stage least squares estimation based on nationally representative panel data (N = 1,955 individuals). The results show no significant effects of relative wage increases on personality traits. As the confidence intervals indicate, any substantial effects of wage increases on personality are largely rejected by the results.
Physical Description:	1 Online-Ressource (circa 41 Seiten); Illustrationen