Accounting for the role of habit in regular saving

作者：Loibl Caezilia^*; Kraybill David S; DeMay Sara Wackier

来源：Journal of Economic Psychology, 2011, 32(4): 581-592.

DOI：10.1016/j.joep.2011.04.004

• Habit
• Decision making
• Consumer behavior
• Saving

The present study combines insights from social psychology and economics by examining the role of savings habits in regular saving. As frequently practiced, automatic, and goal-facilitated behaviors, savings habits play a critical role in everyday financial decisions. Using the Self-Report Habit Index developed by Verplanken and Orbell (2003), we collected and analyzed survey data to (1) validate the role of habit in regular saving; (2) test whether participation in a savings program, the Individual Development Account program, facilitates habit formation; and (3) examine the role of habit in individual's perception of financial strain. The results showed that habit mattered for regular saving. It influenced savings amounts above and beyond Theory of Planned Behavior and deposit frequency measures. Habit strength increased over time during program participation and savings habits reduced the stress of financially difficult situations.

• 出版日期2011-8