TY  - JOUR
A1  - Preuss, Malte
A1  - Hennecke, Juliane
T1  - Biased by success and failure
BT  - how unemployment shapes locus of control
JF  - Labour economics : an international journal
N2  - We test the stability of locus of control, a measure that has been attributed substantial explanatory power for economic outcomes since it depicts how much people believe in their ability to affect life outcomes. Using the German Socio-Economic Panel, we find that a job loss due to a plant closure has no long-lasting effect on locus of control. The common assumption of its stability is thus not rejected. However, during unemployment, control perception decreases by 30 percent of one standard deviation. The effect holds true independent from unemployment duration or socio-demographic characteristics and vanishes as soon as the unemployed find a new job. We therefore conclude that stated locus of control is affected by unemployment. Using this trait as explanatory variable can thus lead to biased estimations when this temporary deviation in measurement is not accounted for.
KW  - Personality
KW  - Locus of control
KW  - Unemployment
KW  - Measurement error
Y1  - 2018
U6  - https://doi.org/10.1016/j.labeco.2018.05.007
SN  - 0927-5371
SN  - 1879-1034
VL  - 53
SP  - 63
EP  - 74
PB  - Elsevier
CY  - Amsterdam
ER  - 
TY  - JOUR
A1  - Caliendo, Marco
A1  - Cobb-Clark, Deborah A.
A1  - Hennecke, Juliane
A1  - Uhlendorff, Arne
T1  - Locus of control and internal migration
JF  - Regional science and urban economics
N2  - We model migration across domestic labor markets (internal migration) as the outcome of a job search process in which job seekers form subjective beliefs about the return search effort that are related to their locus of control. Job seekers with an internal locus of control are predicted to search across larger geographic areas and migrate more frequently as a result. We empirically test the relationship between locus of control and the propensity to migrate using data from the German Socio-Economic Panel (SOEP). We find that not only do individuals with an internal locus of control express more willingness to migrate, they do in fact also migrate more often.
KW  - Locus of control
KW  - Internal migration
KW  - Mobility
KW  - Job search
Y1  - 2019
U6  - https://doi.org/10.1016/j.regsciurbeco.2019.103468
SN  - 0166-0462
SN  - 1879-2308
VL  - 79
PB  - Elsevier
CY  - Amsterdam
ER  - 
TY  - JOUR
A1  - Caliendo, Marco
A1  - Fossen, Frank
A1  - Kritikos, Alexander
T1  - Personality characteristics and the decisions to become and stay self-employed
JF  - Small business economics : an international journal
N2  - Based on a large, representative German household panel, we investigate to what extent the personality of individuals influences the entry decision into and the exit decision from self-employment. We reveal that some traits, such as openness to experience, extraversion, and risk tolerance affect entry, but different ones, such as agreeableness or different parameter values of risk tolerance, affect exit from self-employment. Only locus of control has a similar influence on the entry and exit decisions. The explanatory power of all observed traits among all observable variables amounts to 30 %, with risk tolerance, locus of control, and openness having the highest explanatory power.
KW  - Entrepreneurship
KW  - Personality
KW  - Big five
KW  - Risk tolerance
KW  - Locus of control
Y1  - 2014
U6  - https://doi.org/10.1007/s11187-013-9514-8
SN  - 0921-898X
SN  - 1573-0913
VL  - 42
IS  - 4
SP  - 787
EP  - 814
PB  - Springer
CY  - Dordrecht
ER  -