scholarly journals Credit Culture of Students as the Object of Sociological Analysis

2019 ◽  
pp. 75-90 ◽  
Author(s):  
Nadezhda Dulina ◽  
Dar'ja Moiseeva ◽  
Eugeniya Anufrieva ◽  
Vera Paramonova
Keyword(s):  
Financial Literacy ◽  
Point Of View ◽  
Financial Behavior ◽  
Full Time ◽  
Difficult Situation ◽  
Demographic Groups ◽  
Working Hypothesis ◽  
Sample Representation ◽  
The Impact ◽  
Credit Culture

Growth of volume in crediting to individuals in the Russian Federation during 2008-2018 and problems of debt maintenance have actualized the need of studying changes in the sphere of Russian crediting culture. The aim of the paper is to study credit attitude of modern student youth. At the first stage of the study the authors analyzed the correlation between key options: "credit culture", "credit attitude", "credit behavior", "financial culture", "financial attitude", "financial behavior". The investigators carried out the review of foreign and Russian research works aimed at studying the credit culture and credit behavior of students. They revealed features of foreign studies of credit culture / behavior, on this basis they conclude that this subject is poorly developed in Russia not only by individual socio-demographic groups, but also by the population generally. The working hypothesis of the research has been put forward: it is the change in the credit attitude of young people who do not have their own credit experience, which is the evidence of serious changes in the credit culture. At the second stage, the pilot study "Credit behavior of the population" (December 2017 -January 2018, Volgograd, accidental sampling (n = 404), the sample representation task was not set, the method of collecting information: on-line questioning) has been implemented. The results of the study let the authors to describe the credit culture of Volgograd Universities' students. The strong savings orientation among students has been defined. They are prone to saving money in a difficult situation and are ready to provide financial assistance, but they would not like to resort to it themselves in case of difficulties. Students realize the need of improving their level of financial literacy for building their own effective financial strategies. In the minds of students there is a necessity to correlate risk and result, but not all of them are ready to risk. Analysis of differences in the responses of full-time and extra-mural students has confirmed the working hypothesis. Credit attitude of students, in our point of view, testify the rootedness of the youth credit culture. The correlation between the results of estimating the impact of credit practice on credit culture and the modern scale of crediting to Russians makes it possible to hypothesize that there will be a strong transformation of the credit culture of Russians in the next 20 years. The authors plan to test this hypothesis in their further studies.

Drug overdose deaths at work, 2011–2016

2019 ◽  
Vol 25 (6) ◽  
pp. 577-580 ◽  
Author(s):  
Hope M Tiesman ◽  
Srinivas Konda ◽  
Lauren Cimineri ◽  
Dawn N Castillo
Keyword(s):  
Drug Overdose ◽  
Negative Binomial ◽  
Occupational Injuries ◽  
Negative Binomial Regression ◽  
Opioid Overdose ◽  
Full Time ◽  
Demographic Groups ◽  
Drug Overdoses ◽  
The Impact ◽  
Overdose Deaths

Drug overdose fatalities have risen sharply and the impact on US workplaces has not been described. This paper describes US workplace overdose deaths between 2011 and 2016. Drug overdose deaths were identified from the Census of Fatal Occupational Injuries and fatality rates calculated using denominators from the Current Population Survey. Fatality rates were compared among demographic groups and industries. Negative binomial regression was used to analyse trends. Between 2011 and 2016, 760 workplace drug overdoses occurred for a fatality rate of 0.9 per 1 000 000 full-time equivalents (FTEs). Workplace overdose fatality rates significantly increased 24% annually. Workplace overdose fatality rates were highest in transportation and mining industries (3.0 and 2.6 per 1 000 000 FTEs, respectively). One-third of workplace overdose fatalities occurred in workplaces with fewer than 10 employees. Heroin was the single most frequent drug documented in workplace overdose deaths (17%). Workplace overdose deaths were low, but increased considerably over the six-year period. Workplaces are impacted by the national opioid overdose epidemic.

scholarly journals Economic culture as a factor in the financial behavior of Russians: the role of archetypes and modern context

POPULATION ◽  
2021 ◽  
Vol 24 (2) ◽  
pp. 29-40
Author(s):  
Olga Aleksandrova
Keyword(s):  
Interpersonal Relationships ◽  
Financial Literacy ◽  
The State ◽  
Economic Life ◽  
Individual Responsibility ◽  
Financial Behavior ◽  
Modern World ◽  
Economic Culture ◽  
Patterns Of Behavior ◽  
The Impact

In Russia, as in many countries, the state is showing increased attention to the topic of financial literacy of the population, which is connected, on the one hand, with the expansion of the financial market inherent in the modern world economy, involving ordinary people in its orbit, and, on the other hand, with the curtail of the welfare state, and the reorientation of citizens to self-financing their needs for pensions, medical care, education, etc. In the process of such pushing up people to become investors, borrowers, participants of funded pension schemes, the specific character of the economic culture of the population is not taken into account, while many observed phenomena, such as low level of financial literacy and massive distrust of financial institutions, are due exactly to it. The article presents analysis of the cultural archetypes and patterns of behavior characteristic of the Russians that make up the economic culture; they were correlated with the models of behavior of the population of interest to the state; the impact on the existing economic culture of the current socio-economic context is considered. It is shown that the natural-climatic, geographic, geopolitical and religious factors have shaped Russians' specific attitude towards savings, their own and other people's property, planning horizons, contractual obligations, separation of common and individual responsibility, financial discipline, work ethics, state and commercial institutions, interpersonal relationships, etc., which is far from that sought by the state. Meanwhile, the problem is that it is the socio-economic policy pursued by the state, the events of the economic life of the past thirty years that act as the factors of reproduction and consolidation of the formed cultural archetypes and patterns of behavior, but not their productive transformation.

scholarly journals Factors Affecting Financial Literacy and Financial Behaviour of Investors in Pakistan

2020 ◽  
Vol 1 (3) ◽  
pp. 80-90
Author(s):  
Muhammad Junaid Khan ◽  
Dr. Faheem Aslam ◽  
Syed Nisar-Ul-Mulk
Keyword(s):  
Cognitive Ability ◽  
Financial Literacy ◽  
Self Efficacy ◽  
Structural Equation ◽  
Research Study ◽  
Positive Impact ◽  
Financial Behavior ◽  
Equation Modeling ◽  
Financial Socialization ◽  
The Impact

The main purpose of our study is to find out the impact of financial socialization, cognitive ability, and self-efficacy on financial literacy and financial behavior of investors in Pakistan. This study has used a non-probability convenience-based sampling technique for collecting the data. A total of 429 individual investors were analyzed with the help of structural equation modeling (SEM) through Smart PLS. The results of our research study suggested that the participation of female investors as compare to male investors is very low. The main results of the study showed that cognitive ability and self-efficacy have a significantly positive impact on financial literacy, but an insignificant impact of these two variables on financial behavior was found. Findings also suggested that the influence of financial socialization on financial literacy is insignificant, while financial behavior is positively influenced by financial socialization and financial literacy. In mediating analysis cognitive ability and self-efficacy have positively affected financial behavior, while financial socialization has an insignificant effect on financial behavior through financial literacy. This research study provides important implications for researchers and other policymakers. Policymakers can formulate policies regarding trainings to improve the financial literacy of investors. Researcher can further investigate these variables for other segments of the society.

Safety management of tourist services based on insurance risk assessment

2020 ◽  
Vol 90 ◽  
pp. 102-115
Author(s):  
S. Yu. Butuzov ◽  
◽  
A. V. Kryuchkov ◽  
E. B. Tyutikova ◽  
◽  
...  
Keyword(s):  
Risk Assessment ◽  
Safety Management ◽  
Weighted Graph ◽  
Point Of View ◽  
Insurance Companies ◽  
Discrete Mathematics ◽  
Insurance Risk ◽  
Difficult Situation ◽  
The Impact ◽  
Insured Event

Introduction. Employees of Emercom of Russia often participate in extreme tourism during their vacations, which helps to maintain their professional physical fitness. They are also attracted to help tourist groups that find themselves in a difficult situation in nature in a particular destination. Participation in extreme tourism is associated with the risk of injury. A general approach to the assessment of the impact of the management of the safety of tourist services in the instances associated with extreme tourism on insurance risks is presented. The purpose of the article is to create models for assessing the risks of extreme recreation. To do this, it is necessary to analyze the routes of extreme recreation in destinations from a mathematical point of view, and, based on this, to propose a number of management measures related, among other things, to insurance. Research methods are based on the use of the theory of discrete mathematics in the construction of a weighted graph describing the risks on the routes of tourists. The model allows us to quantify the risks on individual routes and, therefore, to build a target criterion for supporting the management of the safety of services in extreme tourism in a particular destination. Results and discussion. Building a graph of the route of a tourist group allows you to identify the least dangerous routes of tourist groups. This approach allows insurance companies to solve the problem of calculating the optimal and adequate amount of payments in the event of an insured event, as well as to reduce uncertainty in the actions of rescue units of Emercom of Russia. Conclusions. The methods of managing the safety of providing tourist services presented in the article reduce the probability of an insured event. Key words: insurance risk assessment, management of tourist services, tourist safety, security methods.

Patterns of people's financial and consumer behavior due to the COVID-19 pandemic as a trigger of the macroeconomic destabilization

2021 ◽  
Vol 27 (2) ◽  
pp. 417-429
Author(s):  
Denis Yu. RAZUMOVSKII
Keyword(s):  
Consumer Behavior ◽  
Financial Literacy ◽  
Task Force ◽  
Behavioral Pattern ◽  
Behavior Modeling ◽  
Stress Factors ◽  
Financial Behavior ◽  
State University ◽  
Financial Decisions ◽  
The Impact

Subject. The article discusses the financial behavior of households, and financial decisions. Objectives. I model patterns of households' financial behavior, referring the impact of stress factors on financial decisions. Methods. The financial behavior was analyzed through approaches proposed by D. Kahneman, A. Tversky and R. Thaler. However, instead of experiments, I rely upon surveys evaluating the financial literacy and behavior of people in the Sverdlovsk Oblast via social networks and conduct my research as a member of the task force of the Regions Center for Financial Literacy at the Ural State University of Economics. I took part in the preparation of questionnaires. Results. I proposed model patterns of financial behavior and substantiate what determines the behavioral pattern of people in distress. I also conclude that the impact of the COVID-19 on the financial and consumer behavior of people triggers destabilizing effects for the macroeconomic situation. Conclusions. Financial behavior modeling will help forecast financial and consumer shocks when the macroeconomic situation is destabilized, thus transforming the social policy.

Pengaruh Literasi Keuangan, Financial Technology, dan Gaya Hidup terhadap Perilaku Keuangan Guru Taman Kanak-Kanak

2021 ◽  
Vol 4 (2) ◽  
pp. 290-307
Author(s):  
M Iqbal Zarkasyi
Keyword(s):  
Financial Literacy ◽  
Sampling Technique ◽  
Total Sample ◽  
Teaching Profession ◽  
Point Of View ◽  
Financial Behavior ◽  
Public And Private ◽  
Teacher Qualification ◽  
The Government ◽  
Financial Technology

The current teaching profession is very promising in terms of income, especially for those who have obtained a professional diploma. The government provides additional income or allowances for public and private teachers through a teacher qualification certification program. The government is trying to improve the professionalism of teachers, but in reality, there are not a few teachers who view from the wrong point of view that the professional allowance is a teacher's right and a government obligation. The purpose of this study was to determine the effect of financial literacy, financial technology, and lifestyle on financial behavior in kindergarten teachers in the Sukolilo District, Surabaya City. Determination of the sample using the slovin method with purposive sampling technique resulted in a total sample of 74 respondents. The data analysis technique used is Partial square (PLS). The results of this study indicate that financial literacy has a positive and significant effect on financial behavior, financial technology is not significant to financial behavior, and lifestyle has a positive and significant effect on financial behavior.

scholarly journals The Impact of Founder’s Financial Behavior Traits and Literacy on SMEs Performance: Empirical Evidence from SMEs in Indonesia

2021 ◽  
Vol 25 (3) ◽  
pp. 671-687
Author(s):  
Nakita Gusman ◽  
Subiakto Soekarno ◽  
Isti Raafaldini Mirzanti
Keyword(s):  
Financial Literacy ◽  
Multivariate Regression Analysis ◽  
Financial Behavior ◽  
Behavioral Characteristics ◽  
Self Awareness ◽  
Behavioral Traits ◽  
Self Knowledge ◽  
Development Evaluation ◽  
Rate Of Failure ◽  
The Impact

This research focuses on the SMEs development evaluation of the impact of founder’s financial behavior, measured by behavioral characteristics of CEOs capacity for self-awareness, planning, and patience, also their knowledge about financial understanding which affect the ability to manage their performance of SMEs. The purpose of this research is to analyze and reduce the rate of failure of SMEs in Indonesia by pursuing the defined determinants from their behavioral traits and self-knowledge on financial understanding in decision making. This study uses a survey conducted across Indonesia, mainly on Java island, with the sample size of 482 SMEs. This research uses multivariate regression analysis as a tool for measuring the impact of founder’s financial behavior variables and financial literacy variable for SMEs performance as a dependent variable. DOI: 10.26905/jkdp.v25i3.5142

scholarly journals IMPROVING FINANCIAL LITERACY OF THE POPULATION: THE YUGRA CASE

2020 ◽  
Vol 6 (4) ◽  
pp. 71-94
Author(s):  
Darya V. МОISEEVA ◽  
Nadezhda V. DULINA ◽  
Larisa S. Porshunova
Keyword(s):  
Financial Literacy ◽  
Secondary Analysis ◽  
Financial Behavior ◽  
Sociological Research ◽  
Sociological Study ◽  
Individual Subject ◽  
Demographic Groups ◽  
The North ◽  
Houses Of Culture ◽  
Khanty Mansi Autonomous

In the context of the implementation of the “Strategy for improving financial literacy in the Russian Federation for 2017-2023”, the study of the working experience of a separate and significant region is relevant and potentially useful for practical purposes. The presented study identifies promising practices in the work aimed at changing the level of financial literacy of the population on the example of the Khanty-Mansi Autonomous Area — Yugra. The scientific novelty of the presented work consists of: 1) the author’s approach to understanding financial literacy as social skills acquired during the financial socialization of a person; 2) the use of Yugra’s material as an informational database; 3) a critical analysis of the classification groups used in the implementation of these programs; 4) the assessment of the prospects of the organization of work on increase of financial literacy of the population through the involvement of cultural institutions (museums, libraries, houses of culture) and ways of thinking about financial culture through Museum projects. The authors employ traditional methods at the intersection of economics and sociology, involving an analysis of regulatory documents and a secondary analysis of the data from the All-Russian sociological study. The use of this methodology allowed demonstrating the existing bias in the regulation of financial behavior of Russians in favor of educational programs. With this method of organizing work, valuable results of sociological research and initiatives of other stakeholders, such as cultural organizations, remain outside the framework. The results show that the use of standard classifications of socio-demographic groups in organizing the work of financial literacy of the population at the level of an individual subject can lead to the “loss” of important social groups for the region. For the Yugra, such a group is representatives of the indigenous small-numbered peoples of the North. The recommendations of the study can be used to revise programs to improve financial literacy on the territory of the Khanty-Mansi Autonomous Area and other regions, traditionally inhabited by indigenous small-numbered peoples of the North.

Financial literacy and retirement planning in Ghana

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Emmanuel Sarpong-Kumankoma
Keyword(s):  
Low Income ◽  
Financial Literacy ◽  
Retirement Planning ◽  
Financial Behavior ◽  
Vulnerable Groups ◽  
Primary Data ◽  
Formal Sector ◽  
Content Type ◽  
The Impact ◽  
The Empirical Analysis

PurposeThis paper aims to investigate the impact of financial literacy on savings and retirement planning in Ghana.Design/methodology/approachThe study uses primary data collected from a sample of formal sector workers and probit models, to assess how financial literacy affects retirement planning.FindingsThe empirical analysis of this study shows that most individuals lack knowledge of basic concepts of finance. This study finds that only about 27% of respondents were able to correctly answer three simple questions on inflation, interest compounding and risk diversification. Generally, the young, the old, women, low-income earners and the less educated perform worst on financial literacy measures. Also, financial literacy has a positive significant impact on the probability of saving for retirement.Practical implicationsThe low level of financial literacy observed should be of concern to policymakers. Evidently, concrete measures are required to strengthen the knowledge of particularly those in the vulnerable groups such as the young, the old, women, low-income earners and the less educated, in order to enable them to prepare adequately for retirement.Originality/valueThe study contributes to the scant financial literacy and financial behavior literature in developing countries such as Ghana.

Antecedents of the Youngster’s Awareness About Financial Literacy: A Structure Equation Modelling Approach

2021 ◽  
pp. 097226292199656
Author(s):  
Pallavi Dogra ◽  
Arun Kaushal ◽  
Rishi Raj Sharma
Keyword(s):  
Factor Analysis ◽  
Financial Literacy ◽  
Structural Equation ◽  
Demographic Variables ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
Primary Data ◽  
Equation Modeling ◽  
Financial Products ◽  
The Impact

Financial literacy has been identified as an important functional area that attains a special concern in the Indian government policies and plans specially designed for the financial market. SEBI has issued various guidelines and awareness programs towards investment financial products, digital payment systems, consumer protection and so on. Therefore, the purpose of the present article is to analyze the level of financial literacy among youngsters in India. The study examined the relationship between the antecedents of financial literacy, that is, financial attitude, financial knowledge and financial behavior. The theoretical purposed model was tested with the help of primary data that was collected with the help of the self-structured questionnaire. A total of 647 responses were obtained from the respondents belonging to the holy city Mathura, Uttar Pradesh, India. To identify the financial literacy antecedents and their inter-relationship, exploratory factor analysis (EFA), confirmatory factor analysis (CFA) and structural equation modeling were applied to the collected data. The findings indicated that in the case of the Indian population, financial attitude and financial behavior were significantly associated with financial literacy. The moderation analysis reveals that males are more particular about financial knowledge and financial behavior in comparison to females. Respondents belonging to the age group of 26–30 years have better financial knowledge. Respondents who have income more than ₹800 thousand and below two years have more financial knowledge. This article contributes to the theoretical body of knowledge by providing insights about the interesting topic of financial literacy by identifying its antecedents. The study also highlights the impact of the demographic variables as moderators on the antecedents of financial literacy. The outcomes of the study are vital for the government in the designing of public policies. The findings are helpful for the educational program designers for the outlining of the programs and syllabus for the subjects taught in the schools and colleges. The findings are useful for the bank managers to understand the psychological behavior as well as demographic variables for the effective marketing and communication of their financial products.

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