“The Role of Noncognitive Ability on Health Status and Wealth Accumulation” – spotkanie z cyklu Warsaw Economic Seminars [15.06.2023]
Serdecznie zapraszamy do wzięcia udziału w kolejnym spotkaniu z cyklu Warsaw Economic Seminars, organizowanym wspólnie przez WNE UW i SGH.
Podczas spotkania Gość WNE UW - prof. Hwan-sik Choi (Binghamton University) przedstawi badanie „The Role of Noncognitive Ability on Health Status and Wealth Accumulation”, przeprowadzone wspólnie z prof. Alanem Adelmanem (Binghamton University).
Seminarium odbędzie się 15 czerwca br. o godz. 17:00 w formule hybrydowej: w Sali A201 na Wydziale Nauk Ekonomicznych (ul. Długa 44/50) oraz za pośrednictwem platformy Zoom.
Link do spotkania:
https://uw-edu-pl.zoom.us/j/94952861067?pwd=eWFxK0N3SWJJdUNtZUQ4RDYxQ1loZz09
Meeting ID: 949 5286 1067
Passcode: 149259
Abstrakt:
We study the role of noncognitive ability, focusing on Conscientiousness, in wealth accumulation and its indirect effect through health status channel. Conscientiousness is associated with a 24 percent increase in total net wealth. The indirect effect through health status is 17 percent of the total effect of Conscientiousness. These results persist when we control for socioeconomic status, parental characteristics, and cognitive ability. We use novel instruments for health status using polygenic scores and obtain similar results to the OLS results: Conscientiousness plays an important role in wealth accumulation and a fundamental factor behind the health effect on wealth accumulation.
