Please use this identifier to cite or link to this item: https://hdl.handle.net/10620/18196
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dc.contributor.authorStillman, Sen
dc.contributor.authorVelamuri, Men
dc.contributor.authorStillman, Stevenen
dc.contributor.authorVelamuri, Malathien
dc.date.accessioned2019-04-13T03:41:58Zen
dc.date.accessioned2017-01-11T22:26:20Zen
dc.date.available2017-01-11T22:26:20Zen
dc.date.issued2016-09en
dc.identifier.urihttps://hdl.handle.net/10620/18196en
dc.identifier.urihttp://hdl.handle.net/10620/4269en
dc.description.abstractA number of recent papers have found that non-cognitive skills and in particular, locus of control (LoC), are important predictors of success in life in terms of both traditional labor market and socioeconomic outcomes, and measures of subjective wellbeing. Specifically, the literature has found a strong correlation between having an internal locus of control and standard measures of success and happiness. In this paper, we examine whether having an internal LoC also helps people manage the consequences of two mainly unanticipated negative shocks, being a crime victim and experiencing a serious illness or injury. We find that these events have large negative consequences on both subjective wellbeing and objective economic outcomes. For men, these shocks have smaller effects on subjective wellbeing when they are more internal but that the long-run effects on income are no smaller. On the other hand, for women with an internal LoC, we find some evidence that these shocks have larger impacts. We draw on the psychology literature to discuss the results.en
dc.publisherInstitute for the Study of Labor (IZA)en
dc.subjectHealth -- Injuryen
dc.subjectLife Eventsen
dc.subjectStressen
dc.titleIf Life Throws You Lemons, Try To Make Lemonade: Does Locus of Control Help People Cope with Unexpected Shocks?en
dc.typeReports and technical papersen
dc.identifier.urlhttp://ftp.iza.org/dp10210.pdfen
dc.identifier.surveyHILDAen
dc.description.institutionInstitute for the Study of Labor (IZA)en
dc.title.reportIZA Discussion Paper No. 10210en
dc.description.keywordsillnessen
dc.description.keywordscrimeen
dc.description.keywordslocus of controlen
dc.description.keywordswellbeingen
dc.description.keywordsHILDAen
dc.description.pages27en
local.identifier.id4798en
dc.publisher.cityBonn, Germanyen
dc.subject.dssDisadvantage, adversity and resilienceen
dc.subject.dssHealth and wellbeingen
dc.subject.dssmaincategoryHealthen
dc.subject.dssmaincategoryStressen
dc.subject.dssmaincategoryLife Eventsen
dc.subject.dsssubcategoryInjuryen
dc.subject.flosseAdversity and resilienceen
dc.subject.flosseDsiadvantage, adversity and resilienceen
dc.subject.flosseHealth and wellbeingen
dc.relation.surveyHILDAen
dc.old.surveyvalueHILDAen
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
item.grantfulltextnone-
item.openairetypeReports and technical papers-
item.fulltextNo Fulltext-
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