The role of financial socialization and self-control on saving habits

被引:2
|
作者
Boto-Garcia, David [1 ]
Bucciol, Alessandro [2 ]
Manfre, Martina [2 ]
机构
[1] Univ Oviedo, Oviedo, Spain
[2] Univ Verona, Dept Econ, Via Cantarane 24, I-37129 Verona, Italy
关键词
Financial socialization; Self-control; Saving behavior; Gender differences; BLINDER-OAXACA DECOMPOSITION; GENDER-DIFFERENCES; FUTURE ORIENTATION; LIFE-INSURANCE; UNITED-STATES; LITERACY; BEHAVIOR; CHILDHOOD; WEALTH; HOUSEHOLDS;
D O I
10.1016/j.socec.2022.101903
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using novel US household survey data, we examine the role of financial socialization, meant as the exposure to financial concepts while growing up, and self-control in explaining saving behavior. We pay special attention to the potential existence of gender differences in the influence of parental teachings received early in life and selfcontrol skills on saving habits. In addition, we analyze the relationship between financial socialization, selfcontrol and the ownership of different financial products. Results indicate that financial socialization received early in life and self-control are positively associated with general saving habits. However, their contribution differs depending on the type of financial product being analyzed. Furthermore, the gender gap in saving propensity in the favor of males is mainly due to differences in characteristics rather than differences in coefficients.
引用
收藏
页数:11
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