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...

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Bibliographic Details
Main Authors: Caliendo, M. (Author), Cobb-Clark, D.A (Author), Obst, C. (Author), Seitz, H. (Author), Uhlendorff, A. (Author)
Format: Article
Language:English
Published: University of Wisconsin Press 2022
Online Access:View Fulltext in Publisher