부산대학교 도서관

With the development of the financial market and the transition to a digital environment, adolescents have become more actively participating in the financial market. The purpose of this study is to examine the impact of financial socialization and socialization agents(family, peer groups, media, school) on adolescents' financial knowledge, money attitude, and financial management behavior. Using the 2023 Korean National Financial Literacy Test Survey for Adolescents, we examine the level of financial socialization among adolescents and the extent of financial socialization according to different agents. This paper also investigates the influence of financial socialization on adolescents' financial capability and financial management behavior. Due to data limitations, this study primarily focus on financial capability, examining both knowledge and attitudes. Financial knowledge is measured through 25 multiple-choice items, and financial attitudes are represented by variables related to money attitude and risk tolerance. It is found that the level of financial socialization among Korean adolescents is 2.79 out of 5, which is lower than the midpoint. Financial socialization through parents(3.08 points) is the highest among the financial socialization agents, followed by peer groups(2.81 points). Socialization through school and media scored 2.65 and 2.60 points, respectively, indicating relatively lower levels. Despite the growing involvement of adolescents in the financial market, financial socialization is not as active as expected. Notably, each financial socialization agents have different impacts on adolescents' financial knowledge, money attitude, and risk tolerance. Parents and peer groups show a positive relationship with the money attitude, while school and media socialization show a negative relationship. On the other hand, financial knowledge is affected by school-based financial socialization and the type of school, while risk tolerance is influenced by parents and media-based financial socialization. Financial socialization exerts a more direct impact on financial conduct than its mediating effect through financial knowledge and attitudes. All financial socialization agents positively affect financial management behavior, confirming that financial socialization is a direct factor influencing desirable financial behavior.