Economic Locus of Control and Occupational Choices: Evidence from Faisalabad
DOI:
https://doi.org/10.5281/zenodo.17356161Keywords:
Economic Locus of Control, Occupational Choices, Self-Employment, Risk AttitudeAbstract
Purpose: Selecting a job has a multidimensional effect of employees’ personal, household,
social, and economic sphere. This study intends to estimate the effect of economic locus of
control on occupational choices.
Design/Methodology/Approach: For this study data is gathered through questionnaire
survey from 201 respondents from Faisalabad, Pakistan. Logistic regression models were
used to estimate the relationship between variables
Findings: The results reveal that the respondents with an internal economic locus of control
are more likely to choose government job rather than their own business as compared to the
respondents with an external economic locus of control.
Implications/Originality/Value: Economic locus of control has significantly negative
impact on occupational choices. The respondents with an internal economic locus of control
are more likely to choose job either government or private as compared to the respondents
with an external economic locus of control. Economic locus of control has significantly
positive impact on self-employment. The respondents with an internal economic locus of
control are more likely to choose a job with more salary but with less security.
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