Economic, Sociological, and Psychological Factors of the Saving Behavior: Turkey Case

This study identified economic, sociological, and psychological concepts to better understand individual saving behavior among university employees in Ankara. Participants of this study consisted of employees at Hacettepe University. The survey included 171 employees (29.1% women and 70.9% men). Res...

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Bibliographic Details
Published inJournal of family and economic issues Vol. 40; no. 2; pp. 305 - 322
Main Authors Copur, Zeynep, Gutter, Michael S.
Format Journal Article
LanguageEnglish
Published New York Springer US 01.06.2019
Springer Nature B.V
Subjects
Accounts
Behavior
Economic factors
Economic sociology
Economics
Employees
Family
Financial management
Impulsivity
Original Paper
Personality and Social Psychology
Psychological aspects
Savings
Savings accounts
Social Policy
Social Sciences
Sociology
Turkey
Financial management behavior
A12
A14
E21
D14
Saving
Investment
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Summary:This study identified economic, sociological, and psychological concepts to better understand individual saving behavior among university employees in Ankara. Participants of this study consisted of employees at Hacettepe University. The survey included 171 employees (29.1% women and 70.9% men). Results showed that some economic and psychological factors were statistically significant related to whether a person had only a savings account or both saving and investing accounts compared to having no saving or investment accounts. Financial management behaviors, perceived subjective norms and the length of a person’s planning horizon were significantly related to the likelihood of having a savings account. Owning a home, financial management behaviors, and greater impulsivity were significantly related to the likelihood of having both saving and investment accounts.
ISSN:1058-0476
1573-3475
DOI:10.1007/s10834-018-09606-y