TY  - JOUR
A1  - Caliendo, Marco
A1  - Cobb-Clark, Deborah A.
A1  - Obst, Cosima
A1  - Seitz, Helke
A1  - Uhlendorff, Arne
T1  - Locus of control and investment in training
T2  - Journal of human resources
N2  - We extend standard models of work-related training by explicitly incorporating workers’ locus of control into the investment decision through the returns they expect. Our model predicts that higher internal control results in increased take-up of general, but not specific, training. This prediction is empirically validated using data from the German Socioeconomic Panel (SOEP). We provide empirical evidence that locus of control influences participation in training through its effect on workers’ expectations about future wage increases rather than actual wage increases. Our results provide an important explanation for underinvestment in training and suggest that those with an external sense of control may require additional training support.
Y1  - 2022
UR  - https://publishup.uni-potsdam.de/frontdoor/index/index/docId/61833
SN  - 0022-166X
SN  - 1548-8004
VL  - 57
IS  - 4
SP  - 1311
EP  - 1349
PB  - University of Wisconsin Press
CY  - Madison
ER  -