Locus of control and investment in training
- 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.
| Author details: | Marco CaliendoORCiDGND, Deborah A. Cobb-ClarkORCiDGND, Cosima ObstORCiDGND, Helke Seitz, Arne UhlendorffORCiDGND |
|---|---|
| DOI: | https://doi.org/10.3368/jhr.57.4.0318-9377R2 |
| ISSN: | 0022-166X |
| ISSN: | 1548-8004 |
| Title of parent work (English): | Journal of human resources |
| Publisher: | University of Wisconsin Press |
| Place of publishing: | Madison |
| Publication type: | Article |
| Language: | English |
| Date of first publication: | 2022/06/17 |
| Publication year: | 2022 |
| Release date: | 2024/01/03 |
| Volume: | 57 |
| Issue: | 4 |
| Number of pages: | 39 |
| First page: | 1311 |
| Last Page: | 1349 |
| Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften / Fachgruppe Volkswirtschaftslehre |
| DDC classification: | 3 Sozialwissenschaften / 30 Sozialwissenschaften, Soziologie / 300 Sozialwissenschaften |
| Peer review: | Referiert |
| Publishing method: | Open Access / Hybrid Open-Access |
| License (German): |  CC-BY-NC-ND - Namensnennung, nicht kommerziell, keine Bearbeitungen 4.0 International |
