TY  - RPRT
        AU  - Cobb-Clark, Deborah A.
        TI  - Locus of Control and the Labor Market
        PY  - 2014/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 8678
        UR  - https://www.iza.org/publications/dp8678
        AB  - 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.
        KW  - locus of control
KW  - behavioral economics
KW  - labor market
        ER  -