Author

Annette Otto

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.

DOI:

https://doi.org/10.7936/K7Q81CJM

Keywords

Assets and Education Symposium, children, economic socialization, family, saving, youth

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