ArticleFrontiers in aging neuroscience2017
Economic Cognitions Among Older Adults: Parental Socialization Predicts Financial Planning for Retirement.
Article in Frontiers in aging neuroscience, 2017. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 5 papers.
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Who cites it
5 citing papers in PubMed.
- Dimensions of Preparation for Aging: A Systematic Review.Medical journal of the Islamic Republic of Iran · 2022Review
- Retirement Savings Model Tested With Brazilian Private Health Care Workers.Frontiers in psychology · 2019Article
- Too soon to worry? Longitudinal examination of financial planning for retirement among Spanish aged workers.PloS one · 2018Article
- Early Retirement: A Meta-Analysis of Its Antecedent and Subsequent Correlates.Frontiers in psychology · 2017Article
- Financial Planning for Retirement: A Psychosocial Perspective.Frontiers in psychology · 2017Article
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Authors and funding
3 authors.
Funding
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Abstract
Drawing on the model on financial planning for retirement (FPR), the aim of this work is to explore how parental economic socialization both directly and indirectly affects FPR through the mediation of financial literacy, financial planning decisions and financial management. Data from a sample of 280 participants aged between 45 and 63 years were used. The results show that parental economic socialization directly and indirectly influences FPR. Moreover, parental economic behavior acts as a positive model for the development of financial literacy and skills and for decisions about FPR. All the variables increased the explained variance of FPR. Lastly, we discuss the process by which parental economic socialization is positively related to financial literacy and skills that impact on FPR, indicating some implications and future lines of research.
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