Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107464
Authors: 
Cobb-Clark, Deborah A.
Year of Publication: 
2014
Series/Report no.: 
IZA Discussion Papers 8678
Abstract: 
This paper reviews the role of locus of control in the labor market. I begin with a discussion of the conceptual origins of locus of control, including its relationship to related concepts such as self-efficacy, motivation, and self-control. The relationship between locus of control and labor market success is then summarized. In doing so, I pay careful attention to what we know about three potential mechanisms – human capital investments, hiring decisions, and optimal incentive contracts – through which locus of control might operate. Finally, the broader implications of these relationships for public policy and future research are discussed.
Subjects: 
locus of control
labor market
behavioral economics
JEL: 
J01
J08
Document Type: 
Working Paper

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