Publication Date
3-29-2012
Summary
This paper addresses variables related to child and adolescent saving and explains the development of skills and behaviors that facilitate saving from an economic socialization perspective. References are made to the differences between the economic world of children, adolescents, and adults as well as to existing theories of saving. Children’s and adolescents’ ability and willingness to save are looked at, taking into account the social context of the family and general child and adolescent development. The paper concludes with directions for future research in this area.
Document Type
Working Paper
Category
Financial Inclusion
Subarea
Financial Capability
Original Citation
Otto, A. (2012). Saving in childhood and adolescence: Insights from developmental psychology (CSD Working Paper No. 12-20). St. Louis, MO: Washington University, Center for Social Development.
Keywords
Assets and Education Symposium, children, economic socialization, family, saving, youth
Recommended Citation
Otto, A. (2012). Saving in childhood and adolescence: Insights from developmental psychology (CSD Working Paper No. 12-20). St. Louis, MO: Washington University, Center for Social Development.
DOI: https://doi.org/10.7936/K7Q81CJM