June 2023

IZA DP No. 16242: Does Internal Locus of Control Get You Out of Homelessness?

Santiago Budría, Alejandro Betancourt-Odio, Eszter Wirth

published in: Economic Letters, 2023, 230, 111249

This paper examines the role of internal locus of control in shaping transitions into homelessness. The data is taken from a longitudinal Australian dataset drawn from a sample of vulnerable individuals. The results, based on a Wooldridge Conditional Maximum Likelihood (WCML) estimator, show that individuals high in internal locus of control are significantly less likely to enter a homeless episode.