@TechReport{iza:izadps:dp8678, author={Cobb-Clark, Deborah A.}, title={Locus of Control and the Labor Market}, year={2014}, month={Nov}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={8678}, url={https://www.iza.org/publications/dp8678}, abstract={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.}, keywords={locus of control;behavioral economics;labor market}, }