TY - JOUR T1 - Locus of Control and Human Capital Investment Revisited JF - Journal of Human Resources JO - J Hum Resour SP - 919 LP - 932 DO - 10.3368/jhr.XLII.4.919 VL - XLII IS - 4 AU - Merve Cebi Y1 - 2007/10/02 UR - http://jhr.uwpress.org/content/XLII/4/919.abstract N2 - This paper examines the effect of teenagers’ outlooks—specified as their locus of control—on educational attainment and labor market outcomes. I replicate the study of Coleman and DeLeire (2003) and test the predictions of their theoretical model using a different data set—National Longitudinal Survey of Youth (NLSY). The findings fail to support the predictions of the model and suggest that locus of control is not a significant determinant of educational outcomes once cognitive ability is controlled for; however, locus of control is rewarded in the labor market later in life. ER -