2021
DOI: 10.1016/j.joep.2021.102413
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Locus of control and saving: The role of saving motives

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Cited by 19 publications
(18 citation statements)
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References 52 publications
(76 reference statements)
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“…The results obtained for Romania are opposed to the theory, which stipulates that people with an internal locus of control, meaning those who consider being in control of future events, save more and more often. These results are contrary to similar studies on other European countries, such as Germany, where a positive relationship was observed between internal locus of control and saving (Bucciol & Trucchi, 2021). This deviation from the general rule can be considered an effect of the past communist regime in Romania, which has had more severe economic consequences compared to other countries in Europe.…”
Section: Comparison Between Romania and Republic Of Moldovacontrasting
confidence: 99%
“…The results obtained for Romania are opposed to the theory, which stipulates that people with an internal locus of control, meaning those who consider being in control of future events, save more and more often. These results are contrary to similar studies on other European countries, such as Germany, where a positive relationship was observed between internal locus of control and saving (Bucciol & Trucchi, 2021). This deviation from the general rule can be considered an effect of the past communist regime in Romania, which has had more severe economic consequences compared to other countries in Europe.…”
Section: Comparison Between Romania and Republic Of Moldovacontrasting
confidence: 99%
“…See Bandura (1997), Ajzen (2002), andLightsey et al (2011). 2 Some studies use internal and external locus of control as separate constructs in their analyses (Caliendo et al, 2015;Bucciol and Trucchi, 2021). As the objective of our analyses is to study the relationship between self-control and locus of control more generally-rather than a nuanced understanding of the different components of locus of control-we construct and use a single continuous locus of control measure, consistent with many previous studies (Cobb-Clark et al, 2014;Caliendo et al, 2015;Buddelmeyer and Powdthavee, 2016;Awaworyi Churchill et al, 2020).…”
Section: Datamentioning
confidence: 85%
“…Individuals tend to avoid risks, so they prefer stable positive events to avoid losing reliability and confidence in the suppliers’ abilities [ 39 ]. Hence, individuals prefer stable services, giving them a superior level of positive behavioral outcomes [ 40 ].…”
Section: Literature Reviewmentioning
confidence: 99%