What's money worth? Determinants of the subjective value of money

Article Abstract:

Magnitude production methods and the LISREL model are used to determine the possibility of replicating the validity of Stevens' power function and to examine the determinants which influence the subjective value of money. The results of magnitude production do not support the validity of Stevens' power function for money utility scaling. The LISREL model indicates that the subjective value of money is dependent on monthly net income and on attitudes toward money.

Analysis, Valuation, Attitudes, Money demand, Personality, Attitude (Psychology), Personality (Psychology), Marginal utility

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Money adventure: introducing economic concept in preschool children in South African context

Article Abstract:

A study assessing the efficacy of a program meant to improve the economic concepts such as money, income, expenses and savings amongst South Arica's preschool children is presented.

South Africa, Evaluation, Education, Preschool children, Educational programs

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Subjective economic well-being in Eastern Europe

Article Abstract:

The author determines several ways to define economic well being, and determines that these indicators may not be accurate in early stages of development.

Eastern Europe, Psychological aspects, Economic conditions

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