Perilaku memiliki tabungan pendidikan anak

  • Christine Gracia Setyawati
  • Supramono Supramono Fakultas Ekonomika dan Bisnis, Universitas Kristen Satya Wacana
Keywords: Financial knowledge, future orientation, social influence the intention, in having educational savings, behavior of having educational savings

Abstract

A form of parental responsibility for the continuity of their children's education is to prepare children's education funds from early ages. This study aims to examine the determinants of the intention to have children's education savings including; financial knowledge, risk tolerance, future financial orientation, social influence and their effect on the behavior of having children's education funds. The sample of this study involved 192 parents who had children under five years old and or children who are currently attending school education in Sidorejo District, Salatiga. Data was collected by the field survey method and analyzed using Structural Equation Modeling (SEM). The study results showed that financial knowledge, future orientation and social influence affected  the intention  to have educational savings. Further, the intention affected the behavior of having educational savings. However, the facilitating conditions such as the existence of bank institutions do not strengthen the influence of intention on behavior. This study contributes by not only broadening insights on education savings from a behavioral perspective but also by offering practical implications for policy makers and banking institutions in order to encourage public interest in having education savings so that the sustainability of children's education in terms of financing will be more secure.

Downloads

Download data is not yet available.

References

Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50, 179–211. https://doi.org/10.1016/0749-5978(91)90020-T
Akman, I., & Mishra, A. (2017). Factors influencing consumer intention in social commerce adoption. Information Technology and People, 30(2), 356–370. https://doi.org/10.1108/ITP-01-2016-0006
Al-ghaith, W. (2015). Using the theory of planned behavior to determine the social network usage behavior in Saudi Arabia. International Journal of Research in Computer Science, 5(1–8). https://doi.org/10.14569/IJACSA.2015.060813
Anggraeni, N. A. (2015, December). Anak sebaiknya pilih yang mana? Kompasiana. https://www.kompasiana.com/niaayua/5634e52b6323bd6f0bc0eec0/untuk-pendidikan-anak-sebaiknya-pilih-yang-mana?page=all
Bhushan, P., & Medury, Y. (2013). Financial literacy and its determinants. International Association of Scientific Innovation and Research, 4(2), 155–160.
Croy, G., Gerrans, P., & Speelman, C. (2010). The role and relevance of domain knowledge, perceptions of planning importance, and risk tolerance in predicting savings intentions. Journal of Economic Psychology, 31(6), 860–871. https://doi.org/10.1016/j.joep.2010.06.002
Hair, J. ., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate data analysis : a global perspective. (7th ed.). Pearson Prentice Hall.
Horioka, V. Y. (1985). The importance of saving education nn Japan. The KyotoUniversity Economic Review, 55(1), 41–78.
Kennedy, B. P. (2013). The theory of planned behavior and financial literacy: A predictive model for credit card debt? In Theses, Dissertations and Capstones.
Kholilah, N. Al, & Iramani, R. (2013). Studi financial management behavior pada masyarakat Surabaya. Journal of Business and Banking, 3(1), 69. https://doi.org/10.14414/jbb.v3i1.255
Magendans, J., Gutteling, J. M., & Zebel, S. (2017). Psychological determinants of financial buffer saving: the influence of financial risk tolerance and regulatory focus. Journal of Risk Research, 20(8), 1076–1093. https://doi.org/10.1080/13669877.2016.1147491
Makri, K., & Schlegelmilch, B. B. (2017). Time orientation and engagement with social networking sites: A cross-cultural study in Austria, China and Uruguay. Journal of Business Research, 80(November 2016), 155–163. https://doi.org/10.1016/j.jbusres.2017.05.016
Mardika, D. R. W., Damayanti, T. W., & Supramono. (2018). Understanding the determinant of SME owners’ intention to have bank credit. Polish Journal of Management Studies, 17(1), 165–174. https://doi.org/10.17512/pjms.2018.17.1.14
Margaretha, F., & Pambudhi, R. A. (2015). Tingkat literasi keuangan pada mahasiswa S1. Jmk, 17(1), 76–85. https://doi.org/10.9744/jmk.17.1.76
Nindya, B. U., & Supramono. (2018). Perilaku menabung rumah tangga di program pembinaan kesejahteraan keluarga berbasis minat. Jurnal Ekonomi Dan Bisnis, 21(1), 43–58. https://doi.org/https://doi.org/10.24914/jeb.v21i1.1580
Pak, O., & Mahmood, M. (2015). Impact of personality on risk tolerance and investment decisions: A study on potential investors of Kazakhstan. International Journal of Commerce and Management, 25(4), 370–384. https://doi.org/10.1108/IJCoMA-01-2013-0002
Robb, C. A., & Woodyard, A. S. (2011). Financial knowledge and best practice behavior. Journal of Financial Counseling and Planning, 22(1), 60–70.
Shahrabani, S. (2012). The effect of financial literacy and emotions on intent to control personal budget: a study among israeli college students. International Journal of Economics and Finance, 4(9), 156–163. https://doi.org/10.5539/ijef.v4n9p156
Simons, J., Vansteenkiste, M., Lens, I., & Lacante, M. (2004). Placing motivation and future time perspective theory in a temporal perspective. Educational Psychology Review, 16(2), 121–139.
Teo, T. (2011). Factors influencing teachers’ intention to use technology: Model development and test. Computers and Education, 57(4), 2432–2440. https://doi.org/10.1016/j.compedu.2011.06.008
Thong, J. Y. L., Venkatesh, V., Xu, X., Hong, S. J., & Tam, K. Y. (2011). Consumer acceptance of personal information and communication technology services. IEEE Transactions on Engineering Management, 58(4), 613–625. https://doi.org/10.1109/TEM.2010.2058851
Triandis, H. C. (1980). Values, attitudes, and interpersonal behavior. Nebraska Symposium on Motivation, 27, 195–259.
Unola, E., & Linawati, N. (2014). Analisa hubungan faktor demografi dengan perencanaan dana pendidikan dan dana pensiun pada masyarakat Ambon. Finesta, 2(2), 29–34.
van Ittersum, K. (2012). The effect of decision makers’ time perspective on intention-behavior consistency. Marketing Letters, 23(1), 263–277. https://doi.org/10.1007/s11002-011-9152-3
van Rooij, M., Lusardi, A., & Alessie., R. (2011). Financial literacy and stock market participation. Journal of Financial Economic, 101, 449–472.
Venkatesh, V., Morris, M. G., Davis, G. B., & Davis, F. D. (2003). User acceptance of information technology: Toward a unified view. MIS Quarterly, 27(3), 425. https://doi.org/10.1016/j.inoche.2016.03.015
Wang, X. (2018). The role of attitudinal motivations and collective efficacy on Chinese consumers’ intentions to engage in personal behaviors to mitigate climate change. Journal of Social Psychology, 158(1), 51–63. https://doi.org/10.1080/00224545.2017.1302401
Xiao, J. J., Tang, C., Serido, J., & Shim, S. (2011). Antecedents and consequences of risky credit behavior among college students: Application and extension of the theory of planned behavior. Journal of Public Policy and Marketing, 30(2), 239–245. https://doi.org/10.1509/jppm.30.2.239
Zakaria, Z., Azmi, N. M., Hassan, N. F. H. N., Salleh, W. A., Tajuddin, M. T. H. M., Sallem, N. R. M., & Noor, J. M. M. (2016). The intention to purchase life insurance: a case study of staff in public universities. Procedia Economics and Finance, 37(June), 358–365. https://doi.org/10.1016/s2212-5671(16)30137-x
Published
2020-03-31
How to Cite
Setyawati, C., & Supramono, S. (2020). Perilaku memiliki tabungan pendidikan anak. Jurnal Ekonomi Dan Bisnis, 23(1), 113-128. https://doi.org/https://doi.org/10.24914/jeb.v23i1.3142
Section
Articles