Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 1-12 |
| Journal | Journal of Economic Psychology |
| Volume | 57 |
| DOIs | |
| Publication status | Published - Dec 2016 |
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Keywords
- Greed
- Dispositional Greed Scale
- Adolescents
- Financial Behavior
- Debt
Cite this
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Greed and adolescent financial behavior. / Seuntjens, T.G.; van de Ven, Niels; Zeelenberg, M.; van der Schors, Anna.
In: Journal of Economic Psychology, Vol. 57, 12.2016, p. 1-12.Research output: Contribution to journal › Article › Scientific › peer-review
TY - JOUR
T1 - Greed and adolescent financial behavior
AU - Seuntjens, T.G.
AU - van de Ven, Niels
AU - Zeelenberg, M.
AU - van der Schors, Anna
PY - 2016/12
Y1 - 2016/12
N2 - Financial problems in adolescents have increased over the last decades. We investigated if individual differences in greed relate to financial behavior. Greed is an important motive for economic behavior and refers to the tendency to never be satisfied and to always want more. We developed a short version of the Dispositional Greed Scale (Seuntjens, Zeelenberg, Van de Ven, & Breugelmans, 2015), which we then used in a large survey with adolescents (N = 3899). Dispositional greed is associated with them having more income, spending more, saving less often, and having debt more often. Identifying what personality characteristics influence financial behavior at a young age is important, as the financial habits that people learn during adolescence persist in adulthood. We find that greed has both positive effects (having a higher income), but also negative effects with the greedy being less likely to save and being more likely to have a debt.
AB - Financial problems in adolescents have increased over the last decades. We investigated if individual differences in greed relate to financial behavior. Greed is an important motive for economic behavior and refers to the tendency to never be satisfied and to always want more. We developed a short version of the Dispositional Greed Scale (Seuntjens, Zeelenberg, Van de Ven, & Breugelmans, 2015), which we then used in a large survey with adolescents (N = 3899). Dispositional greed is associated with them having more income, spending more, saving less often, and having debt more often. Identifying what personality characteristics influence financial behavior at a young age is important, as the financial habits that people learn during adolescence persist in adulthood. We find that greed has both positive effects (having a higher income), but also negative effects with the greedy being less likely to save and being more likely to have a debt.
KW - Greed
KW - Dispositional Greed Scale
KW - Adolescents
KW - Financial Behavior
KW - Debt
U2 - 10.1016/j.joep.2016.09.002
DO - 10.1016/j.joep.2016.09.002
M3 - Article
VL - 57
SP - 1
EP - 12
JO - Journal of Economic Psychology
JF - Journal of Economic Psychology
SN - 0167-4870
ER -