≪Organizer Abstract≫
This symposium presents research conducted in North America and Europe with children ages 3-18. It contributes to our understanding of how children think and behave in a world saturated with consumption cues like money and material possessions. Trzcinska et al. studied the impact of parental money attitudes on economic socialization of their children. Zaleskiewicz and Gasiorowska use lab and field studies to demonstrate that intelligence and economic knowledge predict likelihood of saving in 7-9 year old children. Pesowski and Friedman show that preschoolers use product ownership to predict people's behaviors and understand the consequences of ownership on people's emotions. Chaplin et al. use cross sectional, experimental and longitudinal designs to demonstrate that young children derive more happiness from material goods than from experiences; as they age though, they pattern reverse. Vohs et al. demonstrate that money causes children as young as 3 years-old to switch from communal to market mode.
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