Purchasing insurance – the roles of individual differences in time perspectives and regulatory foci

Sekścińska, Katarzyna; Iwanicka, Katarzyna

doi:10.1080/00049530.2021.1898915

Cited by 3 publications

(2 citation statements)

References 36 publications

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“…However, to date, there has been little research in this area. While there are some studies on the relationship between the TP of adults and their economic behaviors (Sek sci nska et al, 2018a;Sek sci nska and Iwanicka, 2021), there is a lack of studies conducted among children in this area. Such studies seem important because, as indicated by the studies of Maital and Maital (1977), time preference patterns are established for life by adolescence, and differences in the ability to defer consumption translate into distribution of income and transmission of economic inequality from one generation to another.…”

Section: Introductionmentioning

confidence: 99%

“…For example, present-biased TPs lead to failure to return undesired purchases (Wood, 2001) or switching to unhealthy foods at the time of consumption (Milkman et al , 2010). Moreover, Sekścińska and Iwanicka (2021) showed that various TPs (mainly future and past negative TPs) are useful for explaining people’s insurance purchase intentions.…”

Section: Introductionmentioning

confidence: 99%

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To spend or to save? The role of time perspective in the saving behavior of children

Trzcińska

Sekścińska

Maison

2022

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Purpose This study aims to focus on the possibility of promoting saving behaviors in children by activating a future time perspective (TP) in their thinking. Design/methodology/approach An experimental study of 8- to 11-year-old children (N = 212) was conducted in which future and present hedonistic TPs were induced. Findings The results suggest that inducing a future TP can modify children’s financial behavior, making them more inclined to save their money. However, the induction of a present hedonistic TP had no significant effect on children’s financial decisions. Originality/value This study improves current theoretical knowledge concerning the effectiveness of psychological interventions in fostering saving behaviors in children and answers the question posed of how the economically desirable behavior of saving may be enhanced in children. Thus, inducing a future TP in children by showing them the benefits of focusing on the future might constitute a useful means of strengthening children’s saving abilities.

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Section: Introductionmentioning

confidence: 99%