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Maintaining (locus of) control? : Assessing the impact of locus of control on education decisions and wages
Piatek, Rémi
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Pinger, Pia
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URL:
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https://www.diw.de/documents/publikationen/73/diw_...
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Document Type:
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Working paper
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Year of publication:
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2010
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The title of a journal, publication series:
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SOEP papers on Multidisciplinary Panel Data Research
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Volume:
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338
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Place of publication:
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Berlin
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Publishing house:
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DIW
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ISSN:
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1864-6689
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Publication language:
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English
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Institution:
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Außerfakultäre Einrichtungen > Graduate School of Economic and Social Sciences - CDSE (Economics)
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Subject:
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300 Social sciences, sociology, anthropology
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Subject headings (SWD):
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Deutschland , Persönlichkeitspsychologie , Bildungsverhalten , Bildungsertrag , Lohn , Schätzung
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Keywords (English):
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locus of control , wages , latent factor model , data set combination
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Abstract:
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This paper establishes that individuals with an internal locus of control, i.e., who believe that reinforcement in life comes from their own actions instead of being determined by luck or destiny, earn higher wages. However, this positive effect only translates into labor income via the channel of education. Factor structure models are implemented on an augmented data set coming from two different samples. By so doing, we are able to correct for potential biases that arise due to reverse causality and spurious correlation, and to investigate the impact of premarket locus of control on later outcomes.
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 | Dieser Eintrag ist Teil der Universitätsbibliographie. |
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