Search results for "Money management"
showing 5 items of 5 documents
Saving in childhood and adolescence: Insights from developmental psychology
2013
Abstract This paper addresses variables related to child and adolescent saving and explains the development of skills and behaviors that facilitate saving from an economic socialization perspective. References are made to the differences between the economic world of children, adolescents, and adults as well as to existing theories of saving. Children's and adolescents’ ability and willingness to save are looked at, taking into account the social context of the family and general child and adolescent development. The paper concludes with directions for future research in this area.
Young adults’ knowledge and understanding of personal finance in Germany: Interviews with experts and test-takers
2017
In recent years, the financial education of young adults has gained importance in Germany; however, very few valid test instruments to assess the knowledge and understanding of personal finance are suitable for use in Germany. In this article, we describe results of a survey in which experts in Germany in areas related to personal finance judged the relevance of the items of the American Council of Economic Education’s Test of Financial Literacy for use in Germany. Overall, they found the German version of the Test of Financial Literacy to be a valid instrument for assessing the knowledge and understanding of personal finance of young adults in Germany. Also, we conducted cognitive intervi…
Adaption of the TSRQ for Financial Behavior
2013
The Trait Self Regulation Questionnaire (TSRQ) is an instrument to measure general self-regulative capabilities. In 1999, Klaus Breuer translated this instrument into a German version and adapted it to the field of self-regulation in educational processes within vocational training.
How migration background affects master degree students’ knowledge of business and economics
2019
ABSTRACTIn this study, we examine the knowledge of students in a master program in business and economics and explore whether migration-specific influences can be determined. We tested the knowledg...
Financial literacy in the digital age : A research agenda
2023
Digital innovations are transforming financial services and resulting changes in consumer behavior and personal money management. Diffusion of pervasive digital technologies offers individuals quick and easy access to various digital services bringing opportunities and challenges into their personal money management. The study aimed to explore how digitalization affects individuals’ financial literacy and financial capability. As a result, we identified three main themes in the intersection of finance and digitalization: Fintech, Financial behavior in digital environments, and Behavioral interventions. We propose directions for measuring digital financial literacy, updates to the financial …