The Influence of Parental Socialization, Economic Literacy and Economic Self-Efficacy on Student Economic Behavior: A Study on Economic Education Students of the State University of Surabaya
DOI:
https://doi.org/10.55927/ijsd.v5i1.1Keywords:
Economic Behavior, Economic Self-Efficacy, Economic Literacy, Economic Education Students, Parental SocializationAbstract
This study aims to analyze the influence of parental socialization on the economic behavior of students with economic literacy and economic self-efficacy as mediation variables. The research uses a quantitative approach with an explanatory design. The research respondents were students of the Economics Education Study Program, State University of Surabaya. Data was collected through questionnaires and analyzed using Structural Equation Modeling (SEM) with the help of WarpPLS software version 7.0. The results of the study show that parental socialization has a positive and significant effect on economic literacy, economic self-efficacy, and economic behavior. Economic literacy has no significant effect on economic self-efficacy or economic behavior, while economic self-efficacy has a significant effect on economic behavior. These findings confirm the role of self-efficacy as a key factor in shaping student economic behavior.
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