Cobb-Clark, Deborah A.; New, Sonja C. de; Sinning, Mathias - 2013
This paper analyzes the relationship between individuals' locus of control and their savings behavior, i.e. wealth …-of-control gap in savings rates is largest among rich households, the gap in wealth accumulation is particularly large for poor … households. Finally, households with an internal reference person and average net worth hold significantly less financial wealth …