@TechReport{iza:izadps:dp14920,
            	author={Cobb-Clark, Deborah A. and Dahmann, Sarah C. and Kamhöfer, Daniel A. and Schildberg-Hörisch, Hannah},
            	title={The Predictive Power of Self-Control for Life Outcomes},
            	year={2021},
	month={Dec},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={14920},
            	url={https://www.iza.org/publications/dp14920},
	abstract={This study investigates the predictive power of self-control for individuals and their children using population representative data. We use the well-established Brief Self-Control Scale to demonstrate that people's trait self-control is highly predictive of their life outcomes. 
Higher self-control is associated with better health, education, and employment outcomes as well as greater financial and overall well-being. Importantly, self-control often adds explanatory power beyond more frequently studied personality traits and economic preferences. The self-control of children is correlated with that of their parents, while higher parental self-control is also linked to fewer behavioral problems among children. Our results suggest that social interventions targeting self-control may be beneficial.},
	keywords={intergenerational transmission;personality traits;Brief Self-Control Scale},
            }