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The Retirement Expectations of Middle-Aged Individuals

Cobb-Clark, Deborah A.; Stillman, Steven - 2011

We use the first three waves of the Household Income and Labour Dynamics in Australia (HILDA) Survey to examine the retirement plans of middle-aged workers (aged 45-55). Our results indicate that approximately two-thirds of men and more than half of women appear to be making standard retirement...

Persistent link: https://www.econbiz.de/10014054598

Locus of Control and Savings

Cobb-Clark, Deborah A. - 2013

This paper analyzes the relationship between individuals' locus of control and their savings behavior, i.e. wealth … accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals' beliefs …-of-control gap in savings rates is largest among rich households, the gap in wealth accumulation is particularly large for poor …

Persistent link: https://www.econbiz.de/10013071285

Self-Control : Determinants, Life Outcomes and Intergenerational Implications

Cobb-Clark, Deborah A. - 2019

This paper studies self-control in a nationally representative sample. Using the well-established 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...

Persistent link: https://www.econbiz.de/10012865840

Depression, Risk Preferences and Risk-Taking Behavior

Cobb-Clark, Deborah A. - 2019

Depression affects the way that people process information and make decisions, including those involving risk and uncertainty. Our objective is to analyze the way that depressive episodes shape risk preferences and risk-taking behaviors. We are the first to address this issue using large-scale,...

Persistent link: https://www.econbiz.de/10012870197

Self-Control and Unhealthy Body Weight : The Role of Impulsivity and Restraint

Cobb-Clark, Deborah A.; Dahmann, Sarah C.; Kamhöfer, Daniel - 2022

We examine the relationship between trait self-control and body weight. Data from a population representative household survey reveal that limited self-control is strongly associated with both objective and subjective measures of unhealthy body weight. Those with limited self-control are...

Persistent link: https://www.econbiz.de/10014083933

The Stability of Self-Control in a Population Representative Study

Cobb-Clark, Deborah A.; Kong, Nancy; … - 2022

We investigate the stability of self-control at the population level. Analyzing repeated Brief Self-Control Scale scores, we demonstrate that self-control exhibits a high degree of mean-level, rank-order, and individual-level stability over the medium term. Changes in self-control are not...

Persistent link: https://www.econbiz.de/10014083940

The Predictive Power of Self-Control for Life Outcomes

Cobb-Clark, Deborah A.; Dahmann, Sarah C.; Kamhöfer, Daniel - 2022

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...

Persistent link: https://www.econbiz.de/10014083990

Locus of Control and the Preference for Agency

Caliendo, Marco; Cobb-Clark, Deborah A.; … - 2023

We conduct a laboratory experiment to study how locus of control operates through people's preferences and beliefs to influence their decisions. Using the principal-agent setting of the delegation game, we test four key channels that conceptually link locus of control to decision-making: (i)...

Persistent link: https://www.econbiz.de/10014345149

Managers' Risk Preferences and Firm Training Investments

Caliendo, Marco; Cobb-Clark, Deborah A.; Pfeifer, Harald; … - 2022

We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive. Risk-averse managers are expected to select...

Persistent link: https://www.econbiz.de/10013405955

Portfolio Allocation in the Face of a Means-Tested Public Pension

Cobb-Clark, Deborah A. - 2011

Is there evidence that households adjust their asset portfolios just prior to retirement in response to a means-tested public pension? We address this question by estimating a system of asset equations constrained to add up to net worth. We find little evidence that in 2006 healthy households or...

Persistent link: https://www.econbiz.de/10013134282