Taking Back Control? Quasi-Experimental Evidence on the Impact of Retirement on Locus of Control
利用澳大利亚面板数据,研究发现退休使个体的内控点增强,这种增强解释了退休对健康和主观幸福感正面影响的三分之一和五分之一,且控制点比大五人格等其他技能更具可塑性。
Abstract We use Australian panel data to examine the impact of retirement on individual locus of control, a socio-emotional skill with substantial explanatory power for a broad range of life outcomes. Exploiting the eligibility age for the Australian Age Pension, we find that retirement leads to increased internal locus of control. This greater internal control explains around one-third and one-fifth of the positive effects of retirement on health and subjective well-being, respectively. We also show that locus of control is much more malleable at retirement than the other socio-emotional skills of the Big-Five personality traits, risk and time preferences, and trust.