Abstract
Is in utero exposure to testosterone (approximated by finger 2D:4D ratio) correlated with the perception of well-being? The question matters for understanding the role of non-cognitive determinants of economic behavior. We use unique data from the Russian Longitudinal Monitoring Survey (RLMS-HSE) that contains markers for testosterone exposure and find support for the correlation between female 2D:4D and average measures of subjective well-being which include: satisfaction with life, work, wage and economic conditions, and with opportunity for professional growth. The most conclusive results are obtained for the digit ratios of women's right hands. Both linear negative and inverse U-shaped associations were significant subject to multiple controls. U-shaped relationships are also observed in the limited number of regressions for males. Even though the data sets do not allow us to account for problems of endogeneity, the regression analyses suggest that the net direct effect of 2D:4D is small but statistically significant.
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