The Predictive Power of Self-Control for Life Outcomes
Sarah C. Dahmann,
Daniel Kamhofer and
Authors registered in the RePEc Author Service: Hannah Schildberg-Hoerisch ()
Journal of Economic Behavior & Organization, 2022, vol. 197, issue C, 725-744
This study investigates the predictive power of self-control for individuals and their children using population representative data. We use the well-established Brief Self-Control Scale to demonstrate that people’s trait self-control is highly predictive of their life outcomes. Higher self-control is associated with better health, education, and employment outcomes as well as greater financial and overall well-being. Importantly, self-control often adds explanatory power in addition to more frequently studied personality traits and economic preferences. The self-control of children is correlated with that of their parents, while higher parental self-control is also linked to fewer behavioral problems among children. Our results suggest that social interventions targeting self-control may be beneficial.
Keywords: Brief Self-Control Scale; personality traits; intergenerational transmission (search for similar items in EconPapers)
JEL-codes: D01 D91 J24 (search for similar items in EconPapers)
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Working Paper: The Predictive Power of Self-Control for Life Outcomes (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:197:y:2022:i:c:p:725-744
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