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Locus of Control and the Labor Market

Listed author(s):
  • Cobb-Clark, Deborah A.

    ()

    (University of Sydney)

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.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 8678.

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Length: 38 pages
Date of creation: Nov 2014
Publication status: published in: IZA Journal of Labor Economics, 4:3, 19 February 2015, doi:10.1186/s40172-014-0017-x.
Handle: RePEc:iza:izadps:dp8678
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