Alumni

Economic studies show that low emotional stability is negatively related to socioeconomic outcomes, while conscientiousness predicts desirable results. Possible mechanisms behind these relations are far less explored. The dissertation addresses this research gap both theoretically and empirically by including psychological insights into an economic model. Di?erences in expectations and the individual problem-solving ability are explored as an important channel for the observed relations between personality and socioeconomic outcomes. The results suggest that both low emotionally stable and low conscientious individuals have a higher risk to be trapped in a disadvantageous circle of negative expectations and experiences throughout life. Interventions already in school might reduce this risk.

	Selected publications by Caroline Wehner
Articles (journal, professional, popular)
Caliendo, Marco, Deborah Cobb-Clark, Harald Pfeifer, Arne Uhlendorff & Caroline Wehner, 2023, `Managers’ Risk Preferences and Firm Training Investments, European Economic Review, 104616, More information
Rohrbach-Schmidt, Daniela, Caroline Wehner, Sabine Krüger & Christian Ebner, 2023, `Wage Returns to Job Tasks and Personality Traits in rnGermany, International Journal of Manpower, 44, More information
Wehner, Caroline, Andries de Grip & Harald Pfeifer, 2022, `Do Recruiters Select Workers with Different Personality Traits for Different Tasks? A Discrete Choice Experiment, Labour Economics, 78, More information
Wehner, Caroline & Trudie Schils, 2021, `Who are the low Educational Achievers? An Analysis in Relation to Gender, Emotional Stability and Conscientiousness, Applied Economics, 53, More information
Eichhorst, Werner, Paul Marx & Caroline Wehner, 2017, `Labor Market Reforms in Europe, Journal for Labour Market Research, 51, More information
Ritzen, Jo, Caroline Wehner & Klaus F. Zimmermann, 2016, `Euroskepticism, Income Inequality and Financial Expectations, The B.E. Journal of Economic Analysis & Policy, 16, More information
Book chapters
Eichhorst, Werner, Verena Tobsch & Caroline Wehner, 2016, Neue Qualität der Arbeit?, in: Badura, B., Ducki, A., Schröder, H., Klose, J., Meyer, M, Fehlzeiten-Report 2016. Unternehmenskultur und Gesundheit - Herausforderung und Chancen, Springer, Berlin, More information
External working papers
Caliendo, Marco, Deborah Cobb-Clark, Harald Pfeifer, Arne Uhlendorff & Caroline Wehner, 2022, Managers' Risk Preferences and Firm Training Investments, IZA Discussion Paper No. 15043, More information
Wehner, Caroline, Andries de Grip & Harald Pfeifer, 2020, Do Recruiters Select Workers with Different Personality Traits for Different Tasks? A Discrete Choice Experiment, IZA Discussion Paper No. 13733, More information
Wehner, Caroline & Trudie Schils, 2019, Educational Achievement and Gender Differences: The Role of the Interaction between Emotional Stability and Conscientiousness, ROA Research Memorandum 2019/5, More information
Wehner, Caroline, Trudie Schils & Lex Borghans, 2016, Personality and Mental Health: The Role and Substitution Effect of Emotional Stability and Conscientiousness, IZA Discussion Paper 10337, More information
Eichhorst, Werner, Paul Marx & Caroline Wehner, 2016, Labor Market Reforms in Europe: Towards More Flexicure Labor Markets?, IZA Discussion Paper 9863, More information
Ritzen, Jo, Caroline Wehner & Klaus F. Zimmermann, 2014, Euroskepticism in the Crisis: More Mood than Economy, IZA Discussion Paper No. 8001
Research reports
Schönfeld, Gudrun, Felix Wenzelmann, Harald Pfeifer, Paula Risius & Caroline Wehner, 2020, Training in Germany – An Investment to Counter the Skilled Worker Shortage. Results of rnthe 2017/18 BIBB Cost-Benefit Survey, BIBB Report No. 3, More information
Eichhorst, Werner, Caroline Wehner & et al., 2013, IZA Research Report No. 54: Social Protection Rights of Economically Dependent Self-employed Workers, Report based on a study conducted for the European Parliament, pages 128, More information
Theses
Wehner, Caroline, 2018, Too Scared to Achieve: The Relation between Neuroticism, Conscientiousness and Socioeconomic Outcomes, PhD dissertation Maastricht University / United Nations University