Work

Parent’s Beliefs and Behaviours about the Economic Socialisation, through Allowances/Pocket Money, of Their Children

Year: 2017

Type: article

Abstract: This study aimed to examine the content, structure and correlates of parent’s beliefs about how to educate their children about money and economic behaviour. 512 participants completed a questionnaire comprised of two scales assessing various beliefs and behaviours which was based on popular books on the topic. A principal component analysis was conducted on both questionnaire measures, yielding five interpretable factors from each scale. Regressions suggested that gender as well as religious and political orientation were key determinants of attitudes towards pocket money.

Source: Psychology

DOI: 10.4236/psych.2017.88078

Authors: Adrian Furnham, Rebecca Milner

Institutions: BI Norwegian Business School, University College London

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W2691985703

FWCI: 10.63

Cites: 36

Cited by: 27

Related to: 10