Self-control: determinants, life outcomes and intergenerational implications / Deborah A. Cobb-Clark (The University of Sydney, ARC Centre and IZA), Sarah C. Dahmann (The University of Sydney, ARC Centre and IZA), Daniel A. Kamhöfer (DICE, Heinrich Heine University Düsseldorf), Hannah Schildberg-Hörisch (DICE, Heinrich Heine University Düsseldorf and IZA) ; IZA Institute of Labor Economics
VerfasserCobb-Clark, Deborah A. ; Dahmann, Sarah Christina ; Kamhöfer, Daniel A. ; Schildberg-Hörisch, Hannah
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, July 2019
Elektronische Ressource
Umfang1 Online-Ressource (30 Seiten) : Diagramme
SerieDiscussion paper ; no. 12488
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Self-control: determinants, life outcomes and intergenerational implications [0.87 mb]
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Zusammenfassung (Englisch)

This paper studies self-control in a nationally representative sample. Using the wellestablished Tangney scale to measure trait self-control, we find that people's age as well as the political and economic institutions they are exposed to have an economically meaningful impact on their level of self-control. A higher degree of self-control is, in turn, associated with better health, educational and labor market outcomes as well as greater financial and overall well-being. Parents' self-control is linked to reduced behavioral problems among their children. Importantly, we demonstrate that self-control is a key behavioral economic construct which adds significant explanatory power beyond other more commonly studied personality traits and economic preference parameters. Our results suggest that self-control is potentially a good target for intervention policies.