0000000000770882
AUTHOR
Paul A. Webley
The relationship between parenting and the economic orientation and behavior of Norwegian adolescents.
Little is known about the economic socialization of children and adolescents and the role of parents in this process. The authors' purpose was to explore the role of parenting in the intergenerational transfer of economic orientation and economic behavior. More specifically, they studied the link between four parenting dimensions (parental warmth-responsiveness, behavioral control, psychological control, autonomy granting), three parenting styles (authoritative, authoritarian, and neglectful) and adolescents' conscientiousness, future time perspective, and present hedonistic orientation. The authors also studied the relationships between these dispositions and the adolescents' spending pref…
Economic socialization, saving and assets in European young adults
We analyze the role economic socialization plays in the economic behavior and asset accumulation of young adults by parents using data from European young adults and teenagers. We study the role of four distinct strands of economic socialization (providing pocket money, jobs at home, work for others, and parental encouragement) using a Dutch sample of young adults (age 18–32, n = 392). Results show positive links between parental encouragement and ability to control spending, saving preferences, future orientation, conscientiousness, and saving. A sample of teenagers (age 14–15, n = 548) and their parents (256 mothers, 227 fathers) is drawn for a Norwegian study of economic socialization. A…