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Impact of self-control on individual income: evidence from China

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  • Fan Yang
  • Krishna P. Paudel
  • Yao Jiang

Abstract

This article examines the relationship between individual income and self-control by employing the data available from the China Labor-force Dynamics Survey 2014. We use the two-stage least square method (2SLS) and mediating/moderating effects to estimate the relationship between income and self-control. Results show that self-control impacts individual income both positively and significantly. Age and gender play moderate roles, while education plays a mediating role in the progress of self-control to impact individual income. Robustness analyses are conducted using an IV-quantile regression model, a plausible exogenous instrument, and combining different categories. Findings are consistent across different models and assumptions. This study indicates that an improvement in individual self-control is conducive to increasing individual income.

Suggested Citation

  • Fan Yang & Krishna P. Paudel & Yao Jiang, 2022. "Impact of self-control on individual income: evidence from China," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 6185-6207, December.
    • Handle: RePEc:taf:reroxx:v:35:y:2022:i:1:p:6185-6207
    DOI: 10.1080/1331677X.2022.2048190
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