Does Parental Financial Socialization for Emerging Adults Matter? The Case of Austrian and Slovene First-Year University Students
| Autor: | Katharina Levec, Maja Zupančič, Ulrike Sirsch, Mojca Poredoš, Mihaela Friedlmeier |
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| Rok vydání: | 2019 |
| Předmět: |
Finance
business.industry education 05 social sciences Socialization Experimental and Cognitive Psychology 0502 economics and business Developmental and Educational Psychology 0501 psychology and cognitive sciences 050207 economics Life-span and Life-course Studies Psychology business 050104 developmental & child psychology |
| Zdroj: | Emerging Adulthood. 8:509-520 |
| ISSN: | 2167-6984 2167-6968 |
| DOI: | 10.1177/2167696819882178 |
| Popis: | The study tested a model of first-year university students’ financial socialization focusing on parents as financial socialization agents and students’ present financial outcomes. Results from 395 Austrians (70% females) and 412 Slovenes (55% females) revealed significant pathways from recollected socialization experiences to students’ self-perceived financial learning outcomes (adopting parental role modeling and financial knowledge) and financial behavior control. Financial knowledge and behavioral control partly mediated the effect of prior socialization experiences on students’ financial behavior, financial relationship with parents, and financial satisfaction. Among country-specific pathways, adopting parental role modeling indirectly influenced financial outcomes in the Slovene students, whereas for the Austrian students, it was directly associated with better financial relationships with parents. Our findings on the pathways to healthy financial outcomes provide important suggestions to parents and emerging adult students. |
| Databáze: | OpenAIRE |
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