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(
    [id] => 16166
    [paper_index] => 202505-06-021813
    [title] => AN ANALYTICAL STUDY ON THE INTERPLAY OF SOCIOECONOMIC AND PSYCHOLOGICAL DETERMINANTS IN SHAPING INDIVIDUAL SAVING BEHAVIOR
    [description] => 
    [author] => Prof. Karthik J.P, Sahil Shariff J
    [googlescholar] => 
    [doi] => https://doi.org/10.36713/epra21813
    [year] => 2025
    [month] => May
    [volume] => 12
    [issue] => 5
    [file] => fm/jpanel/upload/2025/May/202505-06-021813.pdf
    [abstract] => Since the nature of the economy in today's world is transforming, one would like to understand what influences saving behavior at the individual level. In this study, titled A Study on the Socioeconomic and Psychological Factors that Impinge on Individual Saving Behavior, the interaction between external socioeconomic variables (e.g., income, education, employment status, and culture) with internal psychological variables (e.g., self-control, risk preference, financial concern, and future orientation) in determining the saving behavior of working-age workers from urban and semi-urban India is examined.
Using a mixed-method methodology combining primary surveys and secondary literature the research crosses traditional economic theories such as the Life-Cycle Hypothesis with behavioral theories like Prospect Theory and Hyperbolic Discounting. Central psychological constructs such as locus of control and emotional regulation are probed in an effort to explain departures from rational saving behavior.
The study further examines the role of gender, social pressure, and web-based finance tools on saving behavior in contemporary times. Outcomes determine income and occupation as key socioeconomic determinants and psychological determinants like fear of being financially insecure and goal planning as determinants of saving behavior. 

    [keywords] => 
    [doj] => 2025-05-22
    [hit] => 
    [status] => 
    [award_status] => P
    [orderr] => 29
    [journal_id] => 6
    [googlesearch_link] => 
    [edit_on] => 
    [is_status] => 1
    [journalname] => EPRA International Journal of Environmental Economics, Commerce and Educational Management 
    [short_code] => IJCM
    [eissn] => 2348-814X
    [pissn] => 
    [home_page_wrapper] => images/products_image/6.ECEM.png
)
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