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An empowerment model of youth financial behavior

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dc.contributor.authorAngulo-Ruiz, Fernando
dc.contributor.authorPergelova, Albena
dc.date.accessioned2020-09-29
dc.date.accessioned2022-05-31T01:15:17Z
dc.date.available2022-05-31T01:15:17Z
dc.date.issued2015
dc.description.abstractThe current study examines the antecedents of youth financial behavior. By grounding the conceptual framework on empowerment theory, we argue that in addition to financial knowledge other elements such as intrapersonal (e.g., locus of control and motivation) and interactional elements (e.g., parental financial teaching and behavior) also impact youth financial behavior. To test the hypotheses, structural equation modeling is used on a data set of youth from Western Canada. The results indicate that external locus of control has the highest total effect on youth financial behavior followed by parental influence and motivation. Findings are validated by performing several robustness checks and multigroup analysis. Organizations trying to influence youth financial behavior should broaden the understanding of empowerment to include personal worldview, motivation, as well as social surroundings.
dc.description.urihttps://library.macewan.ca/full-record/bth/111023737
dc.identifier.citationAngulo-Ruiz, Fernando, and Albena Pergelova (2015) “An empowerment model of youth financial behavior,” Journal of Consumer Affairs, 49 (3), 550-575. http://doi.org/10.1111/joca.12086
dc.identifier.doihttps://doi.org/10.1111/joca.12086
dc.identifier.urihttps://hdl.handle.net/20.500.14078/1709
dc.languageEnglish
dc.language.isoen
dc.rightsAll Rights Reserved
dc.subjectWestern Canada
dc.subjecteconomics
dc.subjectconsumption
dc.subjectyouth
dc.subjectself-efficacy
dc.subjectstructural equation modeling
dc.titleAn empowerment model of youth financial behavioren
dc.typeArticle

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Department of International Business, Marketing, Strategy and Law