Financial Inhibition, Financial Activation, and Saving for Retirement

Authors

  • Kirstan A. Neukam Oklahoma State University
  • Douglas A. Hershey Oklahoma State University

DOI:

https://doi.org/10.61190/fsr.v12i1.4752

Keywords:

Personality, Motivation, Savings, Retirement, Financial

Abstract

In this paper, we describe the construction and psychometric evaluation of two personality-based measures of financial savings motives, and examine their relationship to individuals' retirement savings practices. The Financial Inhibition Scale (FIS) was designed to assess Year-based motives we believed would hinder the process of saving for retirement. The Financial Activation Scale (FAS) was designed to assess goal-based motives we thought would facilitate savings practices. Findings Trom two separate empirical studies provide support for both the reliability and validity of these new theoretically based measures ot financial savings motivation.

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Published

2003-03-30

Issue

Vol. 12 No. 1 (2003): FSR Spring 2003

Section

New Original Submission

License

Copyright (c) 2003 Academy of Financial Services

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How to Cite

Financial Inhibition, Financial Activation, and Saving for Retirement. (2003). Financial Services Review, 12(1), 19-37. https://doi.org/10.61190/fsr.v12i1.4752