%0 Report
        %A Cobb-Clark, Deborah A.
        %T Locus of Control and the Labor Market
        %D 2014
        %8 2014 Nov
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 8678
        %U https://www.iza.org/publications/dp8678
        %X 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.
        %K locus of control
%K behavioral economics
%K labor market