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The Role of Perceived Wealth Competence, Wealth Values, and Internal Wealth Locus of Control in Predicting Wealth Creation Behavior 1
Author(s) -
Steed Lyndall,
Symes Maxine
Publication year - 2009
Publication title -
journal of applied social psychology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.822
H-Index - 111
eISSN - 1559-1816
pISSN - 0021-9029
DOI - 10.1111/j.1559-1816.2009.00536.x
Subject(s) - locus of control , moderation , psychology , competence (human resources) , social psychology , multilevel model , statistics , mathematics
The aim of this research was to explore the possibility that Wallston's (1992) modified social learning theory would apply to wealth creation behavior. We hypothesized that those who have high scores on internal wealth locus of control, perceived wealth competence, and wealth value would be more likely to engage in wealth creation behavior, both currently and in the future. A community sample of 317 adults completed measures of all these constructs. Factor structure and reliability of the scales were established prior to analysis. Two separate hierarchical multiple regressions were conducted: The moderation hypothesis was not supported. Perceived wealth competence was identified as a predictor of wealth creation behavior, current and future, in terms of both statistical and practical significance.