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Save now, save later?: Linkages between saving behavior in adolescence and adulthood

Ashby, JS; Schoon, I; Webley, P; (2011) Save now, save later?: Linkages between saving behavior in adolescence and adulthood. European Psychologist , 16 (3) pp. 227-237. 10.1027/1016-9040/a000067. Green open access

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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. © 2010 Hogrefe Publishing.

Type: Article
Title: Save now, save later?: Linkages between saving behavior in adolescence and adulthood
Open access status: An open access version is available from UCL Discovery
DOI: 10.1027/1016-9040/a000067
UCL classification: UCL
UCL > Provost and Vice Provost Offices > School of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Social Research Institute
URI: https://discovery.ucl.ac.uk/id/eprint/1556586
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