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Psychology and mental health

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Pride in economic psychology

Article Abstract:

An economic-psychological examination of the concept of pride was conducted. This study investigated the role of pride in three economic contexts: in work, where pride may result in a preference for producing high-quality work; in social security benefits, where pride may reduce take-up; and in negotiations, where pride may generate an 'irrationally' difficult negotiating position. Pride is argued to be present in all cases since economic decisions are not made separately from one another but are interconnected by the selfhood of the decisionmakers. Pride can foster maladaptive decisions but can also generate long-term benefits.

Author: Webley, Paul, Lea, Stephen E.G.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 1997
Editorial, Decision-making, Decision making, Economic aspects, Pride and vanity, Pride, Vanity

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The economic psychology of consumer debt

Article Abstract:

A survey was conducted to determine the relationship between consumer debt and various factors such as economic resources and need, social support and attitude. The strongest correlation was found between economic factors and indebtedness. However social and psychological factors were also significant. Serious debtors generally have lower incomes and more children, were more permissive about debts and tended to have conformist attitudes.

Author: Webley, Paul, Lea, Stephen E.G., Levine, R. Mark
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 1993
Economics, Consumer behavior, Debtor and creditor

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Psychological factors in consumer debt: money management, economic socialization, and credit use

Article Abstract:

A survey was conducted to study the psychological variables associated with consumer debt. The postal survey was done with the assistance of a public utility company. The questionnaires were sent to non-debtors, mild debtors and serious debtors. Non-debtors had more money management facilities and rated their money management abilities high. Psychological and behavioral variables affecting debt are related to the psychology of poverty.

Author: Webley, Paul, Lea, Stephen E.G., Walker, Catherine M.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 1995
Finance, Debt, Consumers, Financial management

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Subjects list: Psychological aspects, Research
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