AUSTRIAN MONEY ATTITUDES IN INTERNATIONAL COMPARISON: A META ANALYSIS

Abstract

The purpose of this article is to compare Austrian results of the Money Attitude Scale test (MAS) to international MAS results. Starting from a literature analysis of the most relevant existing quantitative study results, country specific money attitude characteristics should be identified. Many quantitative studies measuring money attitudes in different parts of the world are available. A widely spread comparison based on results of diverse countries with (money) cultural differences should provide further insight regarding the structure of existing differences, especially from the Austrian perspective. MAS-results are extracted from the existing quantitative studies and analyzed on base of mean values, standard deviations and calculated effect sizes. Major findings indicate the existence of country specific differences: Whereby Austrian money attitudes in comparison to the US and Hungary (Western countries) as well as India and Ghana seem to be relatively similar, major differences are identified in comparison to the Malaysian and Southern African studies.