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 about the controllability of life events and...

We analyze the impact of a recent initiative by the Australian Government to reduce disadvantage and improve children's welfare in Aboriginal communities. The policy – known as income management – quarantines 50 percent of welfare payments to be spent on priority goods (e.g., food, housing,...

In this paper we examine whether – conditional on other family inputs – bilingual children achieve different outcomes in language and emotional development. Our data come from the UK Millennium Cohort Study (MCS) which allows us to analyze children's language and emotional development in...

This paper analyzes the effects of 'shocks' to community-level unemployment expectations, induced by the onset of the Great Recession, on children's mental well-being. The Australian experience of the Great Recession represents a unique case study as despite little change in actual unemployment...

We examine the correlation in self-control between parents and their young-adult children. Analyzing two decades of population-representative panel data, we exploit variation in the family environment during childhood to investigate how family stress related to: i) parenting responsibilities;...

This paper analyzes the relationship between individuals’ locus of control and their decisions to exercise regularly, eat well, drink moderately, and avoid tobacco. Locus of control is a psychological concept reflecting individuals’ beliefs about the extent to which life's outcomes are...