Abstract
Using evidence from an 18-year British follow-up study this paper examines whether saving during adolescence is linked to saving in adulthood. A contextual development model of saving behavior is tested, examining the interplay between socioeconomic family background, parenting style, economic socialization, adult socioeconomic attainments, and saving behavior in adolescence and adulthood. The findings suggest that saving at age 16 is linked to saving at age 34, and that socialization experiences during adolescence, as well as own social status and income, shape the savers that we become.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.