Money Attitudes Comparison between Austrian and Albanian Students

Reinhard Furtner (), Elida Motro-Iljazi () and Eva Jančíková ()
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Reinhard Furtner: University of Applied Sciences Burgenland, Eisenstadt, Austria; and University of Economics in Bratislava, Bratislava, Slovakia
Elida Motro-Iljazi: University of Applied Sciences Burgenland, Eisenstadt, Austria; University of Economics in Bratislava, Bratislava, Slovakia; and Tirana Business University College, Tirana, Albania
Eva Jančíková: University of Economics in Bratislava, Bratislava, Slovakia

Economic Research Guardian, 2021, vol. 11, issue 1, 14-26

Abstract: Austria and Albania have substantial historical, cultural and economic differences. The purpose of this quantitative study was to compare money attitudes on the basis of the Money Attitudes Scale (MAS) between two samples of 98 Austrian and 80 Albanian students. Money attitudes and biographical data (gender, age, educational level, home university, nationality) were collected by an online questionnaire. The results were analyzed by descriptive (frequency tables, diagrams) and inferential (t-test for independent samples, effect size) statistical methods. Albanian students showed significantly stronger power and anxiety­oriented money attitudes while they focused less on the time­retention money dimension. No relevant differences were found regarding the distrust dimension. Furthermore, gender­related differences could be found. The study results thus provide a starting point for exploring and addressing the underlying causes of the identified differences. In addition, country-specific and gender-oriented business strategies (e.g. for marketing purposes) can be derived from the identified differences.

Keywords: Money Attitudes; Biographical; Gender; MAS; Albania (search for similar items in EconPapers)
JEL-codes: D14 G41 G51 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:wei:journl:v:11:y:2021:i:1:p:14-26

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