Abstract
The paper examines the factors influencing the financial socialization of Russian students. It provides an overview of research on the impact of family institutions (parental household), financial independence, and the maturity of financial behavior on the financial socialization of young people. We analyze the relationships between basic socio-demographic characteristics of Russian students (gender, age, marital status), their behavioral characteristics (risk preference, propensity for offense or unethical behavior, prodigality, credulity), and socio-economic characteristics (level of financial status, financial independence, financial maturity). The empirical part of the study is based on the data of the author's survey of 1291 students from 17 Russian universities, processed by methods of statistical, correlation, and econometric analysis. To assess the level of financial well-being, we develop an original methodology where the financial situation shows the availability of goods and services that are unaffordable to most members of this group. Likewise, financial maturity is the students' proficiency in financial instruments poorly mastered by the majority of other respondents. The survey revealed a significant financial dependence of Russian students on their parents and their low level of financial maturity. We found an increased level of credulity and a low level of propensity for offense or unethical behavior; established positive correlation between the risk preference and the propensity for offense or unethical behavior, between the level of credulity and prodigality. We established that as financial dependence on parents gradually decreases, young people make more mature financial decisions, and their growing risk preference is replaced by a shift to more prudent financial practices. In groups where young people provide for themselves, their assessments of their financial situation rise sharply from a certain point, and the level of prodigality decreases. The constructed model of ordered logit regression showed a significant positive effect of age, marital and employment status, risk preference and level of financial maturity, as well as a significant negative effect of prodigality and credulity on financial independence of Russian students. The research results are applicable for the further development of theoretical and methodological approaches to the study of effective financial behavior of young people and the management of student financial socialization processes.
Highlights
Работа посвящена исследованию факторов финансовой социализации российских студентов
It provides an overview of research on the impact of family institutions, financial independence, and the maturity of financial behavior on the financial socialization of young people
We analyze the relationships between basic socio-demographic characteristics of Russian students, their behavioral characteristics, and socio-economic characteristics
Summary
Институты финансовой социализации российских студентов // Journal of Institutional Studies 13(4): 126–139. В статье представлен обзор исследований, затрагивающих влияние институтов семьи (родительского домохозяйства), финансовой самостоятельности и зрелости финансового поведения на финансовую социализацию молодежи. Изучены связи между базовыми социальнодемографическими характеристиками российских студентов (пол, возраст, семейное положение), их поведенческими характеристиками (склонность к риску, склонность к недобросовестному поведению, расточительность, уровень доверия) и социально-экономическими характеристиками (уровень материального положения, финансовой самостоятельности и финансовой зрелости). В результате опроса выявлены значительная финансовая зависимость российских студентов от родителей и низкий уровень их финансовой зрелости. Построенная эконометрическая модель типа порядковой логит-регрессии продемонстрировала значимое положительное влияние возраста, брачного статуса и статуса занятости, склонности к риску и уровня финансовой зрелости, а также значимое отрицательное влияние расточительности и уровня доверия на финансовую. Результаты исследования могут быть полезными для дальнейшего развития теоретико-методических подходов к изучению эффективного финансового поведения молодежи, а также управления процессами финансовой социализации студентов. Благодарность: исследование выполнено в рамках базовой части государственного задания Минобрнауки РФ, проект 0729-2020-0056
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