In this study, we explore the role of parenting in the intergenerational transfer of future orientation and economic behaviour using data collected from 600 14-15 year olds in Norway. We focus on conscientiousness, future orientation and... more
In this study, we explore the role of parenting in the intergenerational transfer of future orientation and economic behaviour using data collected from 600 14-15 year olds in Norway. We focus on conscientiousness, future orientation and present orientation and find these dispositions associated with spending preferences and ability to resist spending. Furthermore, we study the link between these dispositions and 4 parenting dimensions: responsiveness, behavioural control, psychological control, and autonomy granting, as well as the link between the dispositions and 4 parenting typologies. We find adolescents who perceive their parents as psychological controlling to be less future oriented and conscientious and more present oriented than others, while adolescents who perceive their parents as responsive, autonomy granting and controlling of behaviour are more future orientated and conscientious than others. Direct effects of the parenting styles on spending preferences and ability to control spending are week, so the effect of parenting on economic behaviour is likely to be indirect through the shaping of general dispositions. The parenting typologies were found important for the plans for the adolescents' educational plans.
Little is known about the economic socialization of children and adolescents and the role of parents in this process. The authors' purpose was to explore the role of parenting in the intergenerational transfer of... more
Little is known about the economic socialization of children and adolescents and the role of parents in this process. The authors' purpose was to explore the role of parenting in the intergenerational transfer of economic orientation and economic behavior. More specifically, they studied the link between four parenting dimensions (parental warmth-responsiveness, behavioral control, psychological control, autonomy granting), three parenting styles (authoritative, authoritarian, and neglectful) and adolescents' conscientiousness, future time perspective, and present hedonistic orientation. The authors also studied the relationships between these dispositions and the adolescents' spending preferences and ability to control spending. They used data collected from 14-16-year-olds (n = 597) and their parents (n = 469) in Norway. Results showed that adolescents who perceived their parents as psychologically controlling were less future oriented and conscientious, and were more present hedonistic oriented than others, while adolescents who perceived their parents as responsive, autonomy granting, and controlling of behavior were more future orientated and conscientious than others. Adolescents' scores for conscientiousness and future orientation were negatively associated with preferences for spending and positively with the ability to control spending, while the opposite relationships were found with respect to a present hedonistic orientation. Parental style was also found to be important for the future educational plans of adolescents, and plans for higher education were more frequent among adolescents who characterized their parents as authoritative than among those who perceived their parents as neglectful. Implications of the findings for economic socialization are discussed.
Publication Date: 2013
Publication Name: The Journal of Genetic Psychology
Abstract. The purpose of this paper is to investigate the influence of different personality dimensions,on the individual’s labour market choices. In addition, personality types were assessed for differential wage settings. The study is... more
Abstract. The purpose of this paper is to investigate the influence of different personality dimensions,on the individual’s labour market choices. In addition, personality types were assessed for differential wage settings. The study is inspired by Bowles et al (2001), who suggested that individual characteristics might be rewarded,or punished in the labour market. We wish to test these ideas with the CentER Saving Survey (CSS), which provides both individual labour market details as well as responses to an established personality inventory: the Five Factor Personality Index (or FFPI,). The FFPI assesses conscientiousness, agreeableness, extraversion, autonomy and emotional stability. In the analysis, we were interested in effects of gender for two reasons. Firstly, previous research has identified different behaviour in men and women. Secondly, we wanted to test the plausible idea that personality traits differentially affect the labour market choice and wage rewards for men and wo...
... Parents invest quantities of time and effort in order to teach their children skills, and this may influence the child's choice of schooling and occupation. Another possibility is that children inheritpersonality traits that are... more
... Parents invest quantities of time and effort in order to teach their children skills, and this may influence the child's choice of schooling and occupation. Another possibility is that children inheritpersonality traits that are advantageous in the labour market (Osborne, 2000). ...
... Moreover, delay of gratification behaviour has also been proposed as an important factor in explaining why social status is transferred from one generation to another (eg, [Martineau, 1977] and [Schneider and Lysgaard, 1953] ). ...
