We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Culture, money attitudes and economic outcomes.
- Authors
Henchoz, Caroline; Coste, Tristan; Wernli, Boris
- Abstract
Using novel survey data, we examine attitudes towards money and to what extent they affect economic outcomes in Switzerland. We find that three main types of attitudes towards money co-exist: the prestige and power attitude, the money management attitude and the goal-oriented attitude. The distribution of these attitudes differs across Switzerland's linguistic regions; all of them are more significant in the French-speaking part, compared to the German- and Italian-speaking parts of Switzerland. Attitudes towards money shape financial behaviour, but the relationship varies depending on the type of financial behaviour. Culturally shaped attitudes to money are mostly linked with indebtedness; a finding that could help design better financial literacy programmes.
- Subjects
PERSONAL finance; DEBT; FINANCIAL literacy; CULTURE; SOCIAL values; SWISS economy
- Publication
Swiss Journal of Economics & Statistics, 2019, Vol 155, Issue 1, pN.PAG
- ISSN
2235-6282
- Publication type
Article
- DOI
10.1186/s41937-019-0028-4