The Effect of Non-cognitive Ability on Salary: Based on the Mincer Equation

ChongYu Li, YingGe Du

2022

Abstract

In recent years, digitalization has gradually become the core strategic direction of global technological change. Therefore, it is necessary to build a new human capital system that adapts to the needs of skills, especially focusing on the cultivation and development of individual non-cognitive abilities. The data in this article comes from the 2018 database of China Family Panel Studies. Through the Ordinary Least Squares method, this paper analyzes the impact of non-cognitive abilities on the salary of employees in private enterprises. The regression equation is based on the Mincer equation. The results show that non-cognitive abilities have a significant positive effect on labor salary. Further research find that conscientiousness has the strongest explanatory power, followed by agreeableness and neuroticism. And on this basis, this paper puts forward targeted policy recommendations. For example, companies should actively carry out employee training on non-cognitive abilities. Employees need to actively strengthen their non-cognitive ability training.

Paper Citation

in Harvard Style

Li C. and Du Y. (2022). The Effect of Non-cognitive Ability on Salary: Based on the Mincer Equation. In Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM, ISBN 978-989-758-593-7, pages 291-295. DOI: 10.5220/0011174300003440

in Bibtex Style

@conference{bdedm22,
author={ChongYu Li and YingGe Du},
title={The Effect of Non-cognitive Ability on Salary: Based on the Mincer Equation},
booktitle={Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,},
year={2022},
pages={291-295},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011174300003440},
isbn={978-989-758-593-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,
TI - The Effect of Non-cognitive Ability on Salary: Based on the Mincer Equation
SN - 978-989-758-593-7
AU - Li C.
AU - Du Y.
PY - 2022
SP - 291
EP - 295
DO - 10.5220/0011174300003440