Economic, Sociological, and Psychological Factors of the Saving Behavior: Turkey Case

  • Zeynep CopurEmail author
  • Michael S. Gutter
Original Paper


This study identified economic, sociological, and psychological concepts to better understand individual saving behavior among university employees in Ankara. Participants of this study consisted of employees at Hacettepe University. The survey included 171 employees (29.1% women and 70.9% men). Results showed that some economic and psychological factors were statistically significant related to whether a person had only a savings account or both saving and investing accounts compared to having no saving or investment accounts. Financial management behaviors, perceived subjective norms and the length of a person’s planning horizon were significantly related to the likelihood of having a savings account. Owning a home, financial management behaviors, and greater impulsivity were significantly related to the likelihood of having both saving and investment accounts.


Saving Investment Financial management behavior 

JEL Classification

A12 A14 D14 E21 



This study was not funded.

Compliance with Ethical Standards

Conflict of interest

Authors declares that they have no conflict of interest.

Ethical Approval

All procedures performed in studies involving human participants were in accordance with the ethical standards of the institutional and/or national research committee and with the 1964 Helsinki declaration and its later amendments or comparable ethical standards.

Informed Consent

Informed consent was obtained from all individual participants included in the study.


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Authors and Affiliations

  1. 1.Department of Family and Consumer Sciences, Faculty of Economics and Administrative SciencesHacettepe UniversityAnkaraTurkey
  2. 2.Department of Family, Youth and Community SciencesUniversity of FloridaGainesvilleUSA

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