Impact of the Locus-of-Control Personality Trait on the Earnings of Entrepreneurs vis-à-vis Employees

The paper reports the results of a panel data study among a representative sample of 6,111 young U.S. citizens who have been interviewed on a regular basis over a period of about two decades. Findings reveal that internality affects earnings positively, that this effect is stronger for entrepreneurs, and that education positively interacts with internality