Locus of Control and Human Capital Investment Revisited
This paper examines the effect of teenagers’ outlooks—specified as their locus of control—on educational attainment and labor market outcomes. I replicate the study of Coleman and DeLeire (2003) and test the predictions of their theoretical model using a different data set—National Longitudinal Survey of Youth (NLSY). The findings fail to support the predictions of the model and suggest that locus of control is not a significant determinant of educational outcomes once cognitive ability is controlled for; however, locus of control is rewarded in the labor market later in life.
References listed on IDEAS
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- Blackburn, McKinley L., 2004. "The role of test scores in explaining race and gender differences in wages," Economics of Education Review, Elsevier, vol. 23(6), pages 555-576, December.
- Margo Coleman & Thomas DeLeire, 2003.
"An Economic Model of Locus of Control and the Human Capital Investment Decision,"
Journal of Human Resources,
University of Wisconsin Press, vol. 38(3).
- Thomas DeLeire & Margo Coleman, 2000. "An Economic Model of Locus of Control and the Human Capital Investment Decision," Working Papers 0019, Harris School of Public Policy Studies, University of Chicago.
- Paul J. Andrisani, 1977. "Internal-External Attitudes, Personal Initiative, and the Labor Market Experience of Black and White Men," Journal of Human Resources, University of Wisconsin Press, vol. 12(3), pages 308-328.
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