Peer effects in adolescents' saving behavior

In real life, the saving behavior of peers is much more difficult to observe than consumption behavior. What does it mean to make savings behavior of peers also visible? How do peers influence other people's savings behavior? These are questions that we examine by using theories from behavioral economics and experimental methods. Our study focuses on adolescents. It is important that young people learn how to manage their money to have buffer stock for (potentially) future economic shocks. Behavior and preferences are shaped early on and are still malleable at a young age. Moreover, young people are about to earn a self-managed income and, thanks to the class/school association, natural surroundings of peers are available for the investigation of our research questions.