The role of perception in the intention to change the family financial situation

Sharon M Danes, Kathryn D. Rettig

Research output: Contribution to journalArticlepeer-review

29 Scopus citations

Abstract

The study investigates factors associated with the individual intentions to change the family financial situation of 337 farm respondents. The hypotheses are that intentions to change are influenced by (a) resource flexibility or constraints existing at the time of the decision situation, including off-farm employment, education, age, and household size, and (b) perceptual factors of perceived income adequacy, locus of control, degree of discrepancy between standard and level of the family financial situation, and dissatisfaction or satisfaction with the discrepancy. Older respondents and those experiencing more external control are less likely to intend to change. Younger respondents and those who perceive their incomes as more adequate are more likely to perceive that they have control over their situation. The lower the perceived income adequacy, the greater the discrepancy between standard and level of the family financial situation and the lower the satisfaction with the discrepancy. Significant indirect effects were consistent with theoretical expectations.

Original languageEnglish (US)
Pages (from-to)365-389
Number of pages25
JournalJournal of Family and Economic Issues
Volume14
Issue number4
DOIs
StatePublished - Dec 1 1993

Keywords

  • change intentions
  • family finances
  • locus of control
  • satisfaction
  • standard and level

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