We use data from a Dutch data set, the DNB Household Survey, annually covering the period 1996-2015, to study the relationship between informal parental saving education received when people were children or adolescents and two variables aimed to capture adult individuals’ concerns for their future: planning horizon and future orientation. Our results indicate that the general future orientation positively correlates with informal saving education, and in particular having received financial teachings. Our findings also suggest that the future orientation index is rather stable over time (which is not trivial, especially because our dataset covers two full business cycles) and declines with age following the life-cycle.
Saving Education Received in Early Life and Future Orientation in Adulthood
Bucciol, A;Zarri, L.
2019-01-01
Abstract
We use data from a Dutch data set, the DNB Household Survey, annually covering the period 1996-2015, to study the relationship between informal parental saving education received when people were children or adolescents and two variables aimed to capture adult individuals’ concerns for their future: planning horizon and future orientation. Our results indicate that the general future orientation positively correlates with informal saving education, and in particular having received financial teachings. Our findings also suggest that the future orientation index is rather stable over time (which is not trivial, especially because our dataset covers two full business cycles) and declines with age following the life-cycle.
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