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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Tatiana Lapshova
The Relation Between Basic Human Values and Monetary Attitudes of Children and their Parents
Applied Social Psychology
(Master’s programme)
9
2017
Person’s values considered as the criteria for the process of evaluation of different people, actions, and events. Very often people associate the level of success with the amount of money they have (Tang, 1992). In the process of economic socialization money serves a crucial factor of person’s development.

The goal of our study was to find out the relation between basic human values and monetary attitudes of parents and their children. Results indicated that children basic human values play the most influential role in monetary attitudes of children in comparison with parental basic human values and parental monetary attitudes. For measuring parents and children’ basic human values we used Portrait Values Questionnaire (Schwartz, 2012) and a modified version of Klontz Money Script Inventory (Klontz et al., 2011) for measuring monetary attitudes.

The obtained results could be applied in economics, political science, and economic psychology for better understanding the link between monetary attitudes of parents and their children.

Keywords: monetary attitudes, basic human values, financial socialization, parents and their children.

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