Original scientific paper
https://doi.org/10.1080/1331677X.2022.2048190
Impact of self-control on individual income: evidence from China
Fan Yang
Krishna P. Paudel
Yao Jiang
Abstract
This article examines the relationship between individual income
and self-control by employing the data available from the China
Labor-force Dynamics Survey 2014. We use the two-stage least
square method (2SLS) and mediating/moderating effects to estimate
the relationship between income and self-control. Results
show that self-control impacts individual income both positively
and significantly. Age and gender play moderate roles, while education
plays a mediating role in the progress of self-control to
impact individual income. Robustness analyses are conducted
using an IV-quantile regression model, a plausible exogenous
instrument, and combining different categories. Findings are consistent
across different models and assumptions. This study indicates
that an improvement in individual self-control is conducive
to increasing individual income.
Keywords
Self-control; income; poverty; individual development
Hrčak ID:
302969
URI
Publication date:
31.3.2023.
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