Arbeitspapier
Bouncing Back from Health Shocks: Locus of Control, Labor Supply, and Mortality
Policy-makers worldwide are embarking on school programmes aimed at boosting students' resilience. One facet of resilience is a belief about cause and effect in life, locus of control. I test whether positive control beliefs work as a psychological buffer against health shocks in adulthood. To identify behavioural differences in labour supply, I focus on a selected group of full-time employed men of working age and similar health. Men with negative control beliefs, relative to men with positive beliefs, are 230-290% more likely to work part-time or drop out of the labour market after a health shock. In old age men with negative control beliefs are by a factor of 2.7 more likely to die after a health shock. The heterogeneous labour supply responses are also observed for other non-cognitive skills, but only for the ones which correlate with control beliefs. Interventions aimed at correcting inaccurate beliefs and negative perceptions may be a low-cost tool to moderate rising public expenditures on social protection and health care.
- Language
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 8203
- Classification
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Wirtschaft
Health Behavior
Human Capital; Skills; Occupational Choice; Labor Productivity
- Subject
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non-cognitive skills
locus of control
labor supply
mortality
health shocks
SOEP
- Event
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Geistige Schöpfung
- (who)
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Schurer, Stefanie
- Event
-
Veröffentlichung
- (who)
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Institute for the Study of Labor (IZA)
- (where)
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Bonn
- (when)
-
2014
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Schurer, Stefanie
- Institute for the Study of Labor (IZA)
Time of origin
- 2014
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