Two Economists' Musings on the Stability of Locus of Control

43 Pages Posted: 3 Sep 2013

See all articles by Deborah A. Cobb-Clark

Deborah A. Cobb-Clark

School of Economics, University of Sydney; IZA Institute of Labor Economics

Stefanie Schurer

Victoria University of Wellington - School of Economics and Finance

Date Written: August 2013

Abstract

Empirical studies of non‐cognitive skills often rely on the assumption that these skills are stable over time. We analyse the change in a specific non‐cognitive skill, that is locus of control, to assess the validity of this assumption directly. We find that short‐ and medium‐run changes in locus of control are modest on average, are concentrated among the young or very old, are unlikely to be economically meaningful and are not related to demographic, labour market and health events. Still, there is no evidence that locus of control is truly time‐invariant and the use of lagged measures could result in a substantial attenuation bias.

Suggested Citation

Cobb-Clark, Deborah A. and Schurer, Stefanie, Two Economists' Musings on the Stability of Locus of Control (August 2013). The Economic Journal, Vol. 123, Issue 570, pp. F358-F400, 2013. Available at SSRN: https://ssrn.com/abstract=2319619 or http://dx.doi.org/10.1111/ecoj.12069

Deborah A. Cobb-Clark (Contact Author)

School of Economics, University of Sydney ( email )

606 Social Sciences Bldg. (A02)
The University of Sydney
Sydney, NSW 2006
Australia
61435061387 (Phone)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Stefanie Schurer

Victoria University of Wellington - School of Economics and Finance ( email )

P.O. Box 600
Wellington 6001
New Zealand
+64-4-4636708 (Phone)

HOME PAGE: http://www.victoria.ac.nz/sef/staff/stefanie-schurer.aspx

Register to save articles to
your library

Register

Paper statistics

Downloads
1
Abstract Views
124
PlumX Metrics