NDLI: Two Economists ’ Musings on the Stability of Locus of Control

Please wait, while we are loading the content...

Two Economists ’ Musings on the Stability of Locus of Control

Content Provider	Semantic Scholar
Author	Cobb-Clark, D. A. Schurer, Stefanie
Copyright Year	2011
Abstract	Two Economists’ Musings on the Stability of Locus of Control Empirical studies of the role of non-cognitive skills in driving economic behavior often rely heavily on the assumption that these skills are stable over the relevant time frame. We analyze the change in a specific non-cognitive skill, i.e. locus of control, in order to directly assess the validity of this assumption. We find that shortand medium-run changes in locus of control are rather modest on average, are concentrated among the young or very old, do not appear to be related to the demographic, labor market, and health events that individuals experience, and are unlikely to be economically meaningful. Still, there is no evidence that locus of control is truly time-invariant implying that the use of lagged measures results in an errors-in-variables problem that could downward bias the estimated wage return to locus of control by as much as 50 percent. Those researchers wishing to analyze the economic consequences of non-cognitive skills should consider (i) restricting their analysis to the working-age population for whom there is little evidence of systematic change in skill levels and (ii) accounting for error in the skill measures they employ. JEL Classification: J24, C18
File Format	PDF HTM / HTML
Alternate Webpage(s)	http://ftp.iza.org/dp5630.pdf
Alternate Webpage(s)	https://www.econstor.eu/bitstream/10419/52063/1/66526979X.pdf
Alternate Webpage(s)	https://www.sole-jole.org/12074.pdf
Language	English
Access Restriction	Open
Subject Keyword	Academic achievement Aging Antisocial Personality Disorder Benchmark (computing) Brain Injuries Cessation of life Cognition Disorders Concentrate Dosage Form Decision Making Entity Name Part Qualifier - adopted Entity Name Part Qualifier - spouse Errors-in-variables models Estimated Fixed effects model Interaction LIF wt Allele LOCUS Labor (Childbirth) Norm (social) Population REM Sleep Behavior Disorder Regression dilution Risk aversion Time-invariant system Trait powerlessness
Content Type	Text
Resource Type	Article

Central Library (ISO-9001:2015 Certified)
Indian Institute of Technology Kharagpur
Kharagpur, West Bengal, India | PIN - 721302

See location in the Map
03222 282435
Mail: support@ndl.gov.in

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in