January 29, 2020

SOEP Brown Bag Seminar

Self-Control: Determinants, Life Outcomes and Intergenerational Implications

Date

January 29, 2020
12:30 - 13:30

Location

Conference Room 33002c nn
DIW Berlin
Room 3.3.002c
Mohrenstraße 58
10117 Berlin

Speaker

Daniel Kamhöfer, Düsseldorf Institute for Competition Economics and IZA
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.

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