TY  - RPRT
        AU  - Cobb-Clark, Deborah A.
AU  - Dahmann, Sarah C.
AU  - Kamhöfer, Daniel A.
AU  - Schildberg-Hörisch, Hannah
        TI  - The Predictive Power of Self-Control for Life Outcomes
        PY  - 2021/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 14920
        UR  - https://www.iza.org/publications/dp14920
        AB  - 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.
        KW  - intergenerational transmission
KW  - personality traits
KW  - Brief Self-Control Scale
        ER  -