Do Personality Traits Affect Health Investment?——Based on the Empirical Analysis of CEES-质量院英文网
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Do Personality Traits Affect Health Investment?——Based on the Empirical Analysis of CEES

July 5, 2018
CHENG Hong, HUANG Shiya, LI Tang

Abstract:This paper considers employee training as a measure of health investment to explore the impact of various personality traits on health  investment with methods of the OLS regression and the PSM using the 2016 Chinese enterprises-staff matching survey ( CEES) data. The results show that the personality traits of employees have a significant impact on health investment and have a causal effect. Specifically, the positive personality traits of openness, sense of responsibility and extroversion have positive effects on health investment, with marginal effects of 65%, 32.1% and 40.2%, while in the negative personality traits, neuroticism has a negative effect on health investment with  a marginal effect of 17.3%, whereas the effect of homo geneity on health investment is not significant.