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Can having internal locus of control insure against negative shocks? : psychological evidence from panel data / Hielke Buddelmeyer and Nattavudh Powdthavee
Bib ID 6970428
Format BookBook, OnlineOnline [text, still imaget, volume]
Author
Buddelmeyer, Hielke, author
 
Online Versions
Description [Parkville], Victoria : Melbourne Institute of Applied Economic and Social Research, the University of Melbourne June 2015 
47 pages ; charts ; 21 cm. 
ISBN 9780734043832
Series

Melbourne Institute working paper ; no. 12/15. 1328-4991

Summary

"We investigate whether the intensity of emotional pain following a negative shock is different across the distribution of a person’s locus of control – the extent to which individuals believe that their actions can influence future outcomes. Using panel data from Australia, we show that individuals with strong internal locus of control are psychologically insured against becoming a victim of property crime and death of a close friend, but not against the majority of other life events. The buffering effects vary across gender. Our findings thus add to the existing literature on the benefits of internal locus of control."--Abstract.

Notes

"This paper uses unit record data from Release 12.0 of the Household, Income and Labour Dynamics in Australia (HILDA) Survey, a project initiated and funded by the Australian Government Department of Social Services and managed by the Melbourne Institute of Applied Economic and Social Research."

Includes bibliographical references (pages 19-23)

Also available in an electronic version via the Internet. Address as of 16 June 2015 : https://www.melbourneinstitute.com/downloads/working_paper_series/wp2015n12.pdf

Subjects Stress (Psychology)  |  Emotions.  |  Australian
Other authors/contributors Powdthavee, Nattavudh, author  |  Melbourne Institute of Applied Economic and Social Research, issuing body

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