Two economists' musings on the stability of locus of control

The authors are grateful for helpful comments from Angela Duckworth, Shelly Lundberg, Steven Stillman, and participants of the 2010 IZA/SOLE Transatlantic Meeting, of the 2011 Labour Econometrics Workshop, of the 2012 Society of Labor Economists' meeting, and of a brown-bag seminar at the Positive Psychology Centre, University of Pennsylvania (2012), as well as for financial support from an Australian Research Council Discovery Programme Grant (DP110103456). This article uses unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey, which is a project initiated and funded by the Australian Government Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) and is managed by the Melbourne Institute of Applied Economic and Social Research. The findings and views reported in this article, however, are those of the authors and should not be attributed to either FaHCSIA or the Melbourne Institute.