Suchergebnisse

While the psychological underpinnings of social ideology are well established, less is known about the psychological underpinnings of economic ideology. In this study, I assess whether Big Five personality traits are associated with economic ideology and when personality traits are more strongly or more weakly associated with economic ideology. I hypothesize that low income attenuates the association between the Big Five traits and economic ideology. Studies conducted in Denmark, the United Kingdom, and the United States show that Conscientiousness is positively correlated with economic conservatism, while Agreeableness and Neuroticism are negatively correlated with economic conservatism. Moreover, low income attenuates the association between personality traits and economic ideology. I report a weaker association between Agreeableness and economic ideology among poor people compared to wealthier people in all three countries. Low income also attenuates the association between economic ideology and the traits Openness (Denmark), Extraversion (United Kingdom), and Neuroticism (United States). I contribute to the literature addressing the psychological correlates of economic ideology by showing that (1) economic ideology has a distinct set of personality correlates and (2) low income attenuates the association between some personality traits and economic ideology.

In this study 89 mothers and 49 fathers of disabled children were questioned and the results compared with Estonian norms. A five-factor personality inventory in the Estonian language was used. The results showed that mothers of disabled children had significantly lower Extraversion,
Openness and higher Neuroticism than the norms for Estonian women. The results demonstrated also that fathers of disabled children were significantly lower in Extraversion and Openness, but significantly higher in Conscientiousness than indicated in the norms for men.

Abstract
This study examines the role personality traits play in influencing consumption decisions for both individuals and households by means of a complete system of Engel curves. Estimations are performed on the German Socio-Economic Panel (SOEP) using the following four different samples: single men, single women, childless couples and couples with children. Personality traits are found to moderately improve the general goodness of fit of the model, reducing the RMSE on average by 2.8%. This is the result of some traits strongly contributing to explaining specific consumption categories, such as Mental Openness contributing substantially to explaining expenditure in education and culture, and several non-significant personality trait-consumption category associations. Robustness analysis suggests that the effect is fairly stable across age groups within the same household type and that the effects of personality traits on consumption choices are independent of education level.