Rithakananone, P., Poomvuthisarn, P., Tubsaitong, S., Suttiwan, P and Wattakakosol, R., Chulalongkorn University, Thailand
The purpose of this study was to determine the relationship between Authoritative, Authoritarian, Permissive, and Neglectful parenting styles and economic behaviors of Thai adolescents in Bangkok and four other regions of Thailand. The subjects comprised of 1,316 youths who were Mathayomsueksa 1 (Grade 7) and 6 (Grade 12) students. The data were collected via questionnaires. Two-way ANOVA showed a significant effect of parenting styles on economic behaviors. Students brought up with Authoritative parenting style had better economic behaviors than students brought up with the other three parenting styles, in terms of income- earning, income-spending, decision-making to spend, money-saving, and attending to economic news. Students with Authoritarian parents had better economic behaviors than students with Neglectful parents but did not differ from students with Permissive parents. Students with Neglectful parents showed better economic behaviors than students with Permissive parents. The study also showed significant effects of sex, residential regions, parental education, and parental occupation on students' economic behaviors whereas birth order, family type, and academic achievement had no significant effects. Female students had better economic behaviors than male students. Students residing in the up-countries had better economic behaviors than those living in Bangkok. Students whose parents were farmers/laborers with primary education showed better economic behaviors than students whose parents were better educated and worked as government officials, merchants, and office workers.