Credit Card Behavior as a Function of Impulsivity and Mother?s Socialization Factors

Written By: Justin M. Henegar, Kristy Archuleta, John Grable, Sonya Britt, NaRita Anderson, and Anita Dale

The current paper, using data from the National Longitudinal Survey of Youth 1979 (NLSY) and the NLSY Child Survey, reports results from a test designed to determine if impulsiveness is associated with credit card behavior, and whether a mother?s time preference, socioeconomic status, and risk attitude transmit to her children in shaping credit card behavior. In addition to certain demographic factors, individuals who exhibited self-control/ low impulsivity were more likely to possess a credit card, as were those whose mothers had a high socioeconomic status. Men, those with higher income, and those who were raised by mothers with high financial impatience were more likely to hold a credit card balance.

Comments are closed.