The Economic Psychology of Everyday Life

The Economic Psychology of Everyday Life

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From childhood through to adulthood, retirement and finally death, The Economic Psychology of Everyday Life uniquely explores the economic problems all individuals have to solve across the course of their lives.
Webley, Burgoyne, Lea and Young begin by introducing the concept of economic behaviour and its study. They then examine the main economic issues faced at each life stage, including:
* the impact of advertising on children
* buying a first house and setting up home
* changing family roles and gender-linked inequality
* redundancy and unemployment
* coping on a pension * obituaries, wills and inheritance.
Finally they draw together the commonalties of economic problems across the lifespan, discuss generational and cultural changes in economic behaviour, and examine the significance of other, non-economic constraints, upon individuals.
The Economic Psychology of Everyday Life provides a much-needed comprehensive and accessible guide to economic psychology which will be of great interest to researchers and students.
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Product details

  • Paperback | 224 pages
  • 159 x 235 x 17.02mm | 340g
  • Psychology Press Ltd
  • Hove, United Kingdom
  • English
  • 041518861X
  • 9780415188616
  • 2,342,672

Table of contents

Preface. Acknowledgements. 1. An Introduction to Economic Psychology. What is Economic Behaviour? Approaches to Economic Behaviour. Optimality - the Economist's Approach. Extensions of the Optimality Approach to the Whole Life Time. The Household Life Cycle. Developmental Psychology. Expressive/communicative. Economic Psychology. How We Can Study the Economic Psychology of Everyday Life. Experimental Approaches. Survey Research. The Comparative Approach. Psychology, Economics and the Economic Psychology of Everyday Life. 2. The Early Years: The Economic Problems of Childhood. Economic Socialisation. Children and comerce - An Uneasy Relationship. The Child as a Consumer of Goodssssd Services. Making Sense of Commercial Communications. The 'Wherewithal'. Getting Hold of the Wherewithall. Children's Understanding and Use of Money. Saving. Autonomous Economies Picture. How Children Understand the Institutional Arrangements That Constitute the Economy at Large. Summary and Conclusions. 3. Becoming an Economic Adult. Four Paths to Economic Independence. From School to Adulthood: Workers, Students, Claimants and Marginals. New Households - Individuals, Couples, Communes. Class, Gender and Race. Challenges and Resources. A First Job. Attitudes and Work. Career Choice. The Work/ Study Choice. Looking for Work. Youth Unemployment: Introduction. Causes of Youth Unemployment. Effects of Youth Unemployment. A First Income. Learning Money Management. Student and Non-Student Debt. Degrees of Independence: Hypothecation of Parental Support. First Purchases. Are Young Consumers Different? Consumable Goods and Services. Consumer Durables and Setting Up Home. Buying a House. Discussion. 4. Economic Behaviour in the Family. Introduction. The Family as a Dynamic System. Changing Families. Interacting Families. Interacting Systems: 'Public' and 'Private'. The Central Importance Of Gender. Micro-Economic Accounts of the Family. Gender Inequalities. Financial Organisation. Decision-Making. Divorce, Lone Parenthood and Remarriage. Future Research Problems. Economic and Social Exchange. Trading Processes Within the Family. New Problems in the Future. 5. Economic Behaviour in Maturity. Expectations. Consumer Sentiment. Rational and Adaptive Expectations. Real Expectations and Saving. Individual Differences and Economic Behavior. Typologies of Consumers. Economically- Relevant Individual Differences. Individual Differences that May Be Plausibly Related to Economic Behaviour. Personality Theory and Economic Behaviour. Buying: The Mature Consumer. Consumer Durables - When are They Acquired and When Are They Replaced? Ownership in the Laboratory. 'Special' Ownership, Collecting in Maturity. Work and Unemployment. The Changing Nature of Work? Time Spent Working. Unemployment in Mid-Life. Unemployment - Individual Risk Factors. Unemployment - Consequences and Coping. Unemployment and Self Employment. Discussion. 6. The Golden Years. Introduction: The Economic Nature of Old Age. Defining Old Age. The Economic Characteristics of Older People. The Retirement Event. The State of Retirement. The Sources of Pensioners' Income. Pensions as Uncontrollable Income. The Levels of Pensions. Economic Activity After Retirement. Paid Work. Unpaid Work. Consumption and Leisure. Saving. Giving. Frailty. Medical Care. Social Care. The Impacts of Frailty. Reconstructing the Past. Economic Life After Death. Death Services. Wills and Inheritance. Obituaries. Concluding Remarks. 7. Conclusions. Common Features of Economic Problems Across the Life Span. Common Features of Solutions to Problems. The New Millenium and the Post-modern Consumer. The Economic and the Social. A Surfeit of Choice? Specific Economic Psychological Problems. The Future of Economic Psychology.
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Review quote

'A good introduction to 'economic psychology' as it affects stages through our lives money management's answer to total body conditioning.' - The Observer
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About Paul Webley

Paule Webley, Carole Burgoyne, Stephen Lea and Brian Young are all members of the Economic Psychology Research Group at the Department of Psychology, University of Exeter.
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