Prague Economic Papers 2019, 28(5):567-588 | DOI: 10.18267/j.pep.721

Does Social Capital Influence Debt Literacy? The Case of Facebook Users in Poland

Kamil Filipek1, Andrzej Cwynar2, Wiktor Cwynar2
1 Maria Curie-Skłodowska University (UMCS), Lublin, Poland;
2 University of Economics and Innovation (WSEI), Lublin, Poland;

Debt literacy has been considered to be a critical competence of modern societies since the recent global financial crisis. Debt-literate individuals are less prone to financial abuse and perform better in terms of credit management. Currently, debt-related information and knowledge are widely accessible through social networking sites (SNS), such as Facebook. However, not all SNS users have equal access to debt-related resources, and, consequently, they reach different scores in debt literacy tests. This study examines relational factors (resources) behind the debt literacy of Facebook users (N = 1,055) in Poland by applying the Resource Generator tool built into the online questionnaire. This quantitative instrument helps to diagnose resources that are embedded and mobilised (social capital) from personal networks made up of kin, friends and acquaintances. We found that users with more social capital, that is, better access to resources, perform better in debt literacy tests. Moreover, weak ties (acquaintances) appear to be good sources of debt-related information and knowledge that have positive impact on debt literacy scores.

Klíčová slova: social capital, debt literacy, financial literacy, Facebook, social media
JEL classification: D83, G41, L82

Vloženo: 28. květen 2018; Přijato: 24. leden 2019; Zveřejněno online: 23. září 2019; Zveřejněno: 1. listopad 2019  Zobrazit citaci

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Filipek, K., Cwynar, A., & Cwynar, W. (2019). Does Social Capital Influence Debt Literacy? The Case of Facebook Users in Poland. Prague Economic Papers, 28(5), 567-588. doi: 10.18267/j.pep.721
Stáhnout citaci
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Zobrazit celý článek

    Reference

    1. Appel, L., Dadlani, P., Dwyer, M., Hampton, K., Kitzie, V., Matni, Z. A., Teodoro, R. (2014). Testing the Validity of Social Capital Measures in the Study of Information and Communication Technologies. Information, Communication & Society, 17(4), 398-416, http://doi.org/10.1080/1369118X.2014.884612 Přejít k původnímu zdroji...
    2. Ark, L. A. van der (2007). Mokken Scale Analysis in R. Journal of Statistical Software, 20(11), 1-19, https://doi.org/10.18637/jss.v020.i11 Přejít k původnímu zdroji...
    3. Baborska-Narozny, M., Stirling, E., Stevenson, F. (2016). Exploring the Relationship between a "Facebook Group" and Face-to-Face Interactions in "Weak-Tie" Residential Communities. Proceedings of the 7th 2016 International Conference on Social Media & Society - SMSociety '16 (pp. 1-8). New York, NY, USA: ACM, http://doi.org/10.1145/2930971.2930989 Přejít k původnímu zdroji...
    4. Bakshy, E., Rosenn, I., Marlow, C., Adamic, L. (2012). The Role of Social Networks in Information Diffusion. Proceedings of the 21st International Conference on World Wide Web (pp. 519-528). New York, NY, USA: ACM. Přejít k původnímu zdroji...
    5. Batorski, D., Bojanowski, M., Filipek, K. (2015). Getting a Job: Resources and Individual's Chances on the Warsaw Labour Market. Polish Sociological Review, 192(4), 475-492. Přejít k původnímu zdroji...
    6. Białowolski, P., Cwynar, A., Cwynar, W. (2019). Decomposition of the Financial Literacy Construct: A Structural Model of Debt Knowledge, Skills, Confidence, Attitudes, and Behavior. Available at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3448937
    7. Boggio, C., Fornero, E., Prast, H., Sanders, J. (2015). Seven Ways to Knit Your Portfolio. Is Investor Communication Neutral? Network for Studies on Pensions, Aging and Retirement. Tilburg NETSPAR Academic Series. Working Paper No. DP 10/2015-030, https://doi.org/10.2139/ssrn.2668579 Přejít k původnímu zdroji...
    8. Bourdieu, P. (1986). The Forms of Capital, in Richardson, J. G., ed., Handbook of Theory of Research for the Sociology of Education. New York: Greenwood Press, pp. 46-58.
    9. Brown, M., Graf, R. (2013). Financial Literacy, Household Investment and Household Debt. Swiss Institute of Banking and Finance, University of St. Gallen. Working Papers on Finance No. 13/1.
    10. Buckley, N. (2016). Polish Banks Spared Forced Conversion of Swiss Franc Mortgages. Financial Times. August 2, 2016. Available at: https://www.ft.com/content/487c839c-58b7-11e6-8d05-4eaa66292c32
    11. Callegaro, M., Villar, A., Yeager, D., Krosnick, J. A. (2014). A Critical Review of Studies Investigating the Quality of Data Obtained with Online Panels based on Probability and Nonprobability Samples, in Callegaro, M., Baker, R., Bethlehem, J., Goritz, A. S., Krosnick, J. A., Lavrakas, P. J., eds., Online Panel Research: A Data Quality Perspective. Hoboken, New Jersey, USA: John Wiley & Sons, Ltd, pp. 23-53, https://doi.org/10.1002/9781118 763520.ch2 Přejít k původnímu zdroji...
    12. Chen, Z., Garand, J. C. (2018). On the Gender Gap in Financial Knowledge: Decomposing the Effects of Don't Know and Incorrect Responses'. Social Science Quarterly, 99(5), 1551-1571, https://doi.org/10.1111/ssqu.12520 Přejít k původnímu zdroji...
    13. Coleman, J. S. (1988). Social Capital in the Creation of Human Capital. American Journal of Sociology, 94, 95-120, https://doi.org/10.1086/228943 Přejít k původnímu zdroji...
    14. Collier, P. (2002). Social Capital and Poverty: A Microeconomic Perspective, in Grootaert, C., Van Bastelaer, T., eds., The Role of Social Capital in Development. An Empirical Assessment. Cambridge: Cambridge University Press, pp. 19-41, https://doi.org/10.1017/cbo9780511492600.003 Přejít k původnímu zdroji...
    15. Crossney, K. B. (2017). Who's at-risk? A Case Study of the Demographic and Socioeconomic Characteristics of Census Tracts Experiencing Predatory and Abusive Mortgage Lending in Philadelphia. Geoforum, 81, 129-143, http://doi.org/10.1016/j.geoforum.2017.02.013 Přejít k původnímu zdroji...
    16. Crotty, J. (2009). Structural Causes of the Global Financial Crisis: A Critical Assessment of the "New Financial Architecture". Cambridge Journal of Economics, 33(4), 563-580, http://doi.org/10.1093/cje/bep023 Přejít k původnímu zdroji...
    17. Cwynar, A., Cwynar, W., Wais, K. (2018). Debt Literacy and Debt Literacy Self-Assessment: The Case of Poland. Journal of Consumer Affairs, 53(1), 24-57, https://doi.org/10.1111/joca.12190 Přejít k původnímu zdroji...
    18. Czapiński, J. (2015). State of the Civil Society: Objective and Subjective Quality of Life in Poland 2015. Contemporary Economics, 9(4), 332-372.
    19. Daly, M., Delaney, L., Séamus, M. (2010). Risk Attitudes as an Independent Predictor of Debt. Geary Institute, University College Dublin. Dublin Geary Institute Discussion Paper Series No. 201049.
    20. Dasgupta, P. (2005). Economics of Social Capital. Economic Record, 81(1), 2-21. https://doi.org/10.1111/j.1475-4932.2005.00245.x Přejít k původnímu zdroji...
    21. De Graaf, N. D., Flap, H. D. (1988). "With a Little Help from My Friends": Social Resources as an Explanation of Occupational Status and Income in West Germany, The Netherlands, and the United States. Social Forces, 67(2), 452-472, http://doi.org/10.1093/sf/67.2.452 Přejít k původnímu zdroji...
    22. Durkheim, E. (1933). The Division of Labour in Society. Translated by G. Simpson. New York: Free Press.
    23. Durlauf, S. N. (2002). Bowling Alone: A Review Essay. Journal of Economic Behavior and Organization, 47(3), 259-273, http://doi.org/10.1016/S0167-2681(01)00210-4 Přejít k původnímu zdroji...
    24. Ellison, N. B., Gray, R., Lampe, C., Fiore, A. T. (2014). Social Capital and Resource Requests on Facebook. New Media & Society, 16(7), 1104-1121, http://doi.org/10.1177/1461444814543998 Přejít k původnímu zdroji...
    25. Ellison, N. B., Steinfield, C., Lampe, C. (2007). The Benefits of Facebook "Friends:" Social Capital and College Students' Use of Online Social Network Sites. Journal of Computer-Mediated Communication, 12(4), 1143-1168, http://doi.org/10.1111/j.1083-6101.2007.00367.x Přejít k původnímu zdroji...
    26. Ellison, N. B., Vitak, J., Gray, R., Lampe, C. (2014). Cultivating Social Resources on Social Network Sites: Facebook Relationship Maintenance Behaviors and Their Role in Social Capital Processes. Journal of Computer-Mediated Communication, 19(4), 855-870, http://doi.org/10.1111/jcc4.12078 Přejít k původnímu zdroji...
    27. Falk, I. (2001). Literacy by Design, not by Default: Social Capital's Role in Literacy Learning. Journal of Research in Reading, 24(3), 313-323, https://doi.org/10.1111/1467-9817.00152 Přejít k původnímu zdroji...
    28. FED NY. (2017). Household Debt and Credit. Center for Microeconomic Data - Quarterly Report. New York: FED. [Retrieved 2018-11-023] Available at: https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/hhdc_2017q4.pdf
    29. Field, J. (2005). Social Capital and Lifelong Learning. Bristol: The Policy Press, http://doi.org/10.2307/j.ctt9qgvrm Přejít k původnímu zdroji...
    30. Filipek, K. (2016). Sharing Resources on Facebook Groups: Polish Emigrants in Germany, Norway and UK. Konteksty Społeczne/Social Contexts, Special Issue: Rediscovering Society in the Age of Social Media, 4(1), 42-53.
    31. Fischer, C. S. (2005). Bowling Alone: What's the Score? Social Networks, 27(2), 155-167, http://doi.org/10.1016/j.socnet.2005.01.009 Přejít k původnímu zdroji...
    32. Gaag, M. van der, Snijders, T. A. B. (2005). The Resource Generator: Social Capital Quantification with Concrete Items. Social Networks, 27(1), 1-29, http://doi.org/10.1016/j.socnet.2004.10.001 Přejít k původnímu zdroji...
    33. Gaag, M. van der, M., Snijders, T. A. B., Flap, H. (2008). Position Generator Measures and Their Relationship to Other Social Capital Measures, in Lin, N., Erickson, B., eds., Social Capital: An International Research Program. Oxford: Oxford University Press, pp. 27-48, https://doi.org/10.1093/acprof:oso/9780199234387.003.0011 Přejít k původnímu zdroji...
    34. Garðarsdóttir, R. B., Dittmar, H. (2012). The Relationship of Materialism to Debt and Financial Well-being: The Case of Iceland's Perceived Prosperity. Journal of Economic Psychology, 33, 471-481, http://doi.org/10.1016/j.joep.2011.12.008 Přejít k původnímu zdroji...
    35. Granovetter, M. (1973). The Strength of Weak Ties. The American Journal of Sociology, 78(6), 1360-1380, http://doi.org/10.1086/225469 Přejít k původnímu zdroji...
    36. Granovetter, M. (1974). Getting a Job: A Study of Contacts and Careers. Chicago and London: The University of Chicago Press. ISBN 9780226305813.
    37. Hamidi, F., Baljko, M. (2010). Collaborative Poetry on the Facebook Social Network. Proceedings of the 16th ACM International Conference on Supporting Group Work, (pp. 305-306). Sanibel Island, Florida, USA: GROUP '10, http://doi.org/10.1145/1880071.1880122 Přejít k původnímu zdroji...
    38. Hays, R. A. (2015). Neighborhood Networks, Social Capital, and Political Participation: The Relationships Revisited. Journal of Urban Affairs, 37(2), 122-143, http://doi.org/10.1111/juaf.12137 Přejít k původnímu zdroji...
    39. Hays, R. D., Liu, H., Kapteyn, A. (2015). Use of Internet Panels to Conduct Surveys. Behavior Research Methods, 47(3), 685-690, http://doi.org/10.3758/s13428-015-0617-9 Přejít k původnímu zdroji...
    40. Hsu, J. W. (2016). Aging and Strategic Learning: The Impact of Spousal Incentives on Financial Literacy. Journal of Human Resources, 51(4), 1036-1067, http://doi.org/10.3368/jhr.51.4.1014-6712R Přejít k původnímu zdroji...
    41. Krackhardt, D. (1992). The Strength of Strong Ties: The Importance of Philos in Organizations, in Nohria, N., Eccles, R. G., eds., Networks and Organizations. Boston: Harvard Business School Press, pp. 216-239.
    42. La Due Lake, R., Huckfeldt, R. (1998). Social Capital, Social Networks, and Political Participation. Political Psychology, 19(3), 567-584, https://doi.org/10.1111/0162-895x.00118 Přejít k původnímu zdroji...
    43. Lampe, C., Vitak, J., Gray, R., Ellison, N. (2012). Perceptions of Facebook's Value as an Information Source. Proceedings of the SIGCHI Conference on Human Factors in Computing Systems (pp. 3195-3204). Austin, Texas, USA: CHI '12, http://doi.org/10.1145/2207676.2208739 Přejít k původnímu zdroji...
    44. Lin, N. (1999). Building a Network Theory of Social Capital. Connections, 22(1), 28-51, http://doi.org/10.1108/14691930410550381 Přejít k původnímu zdroji...
    45. Lin, N. (2001). Social Capital. A Theory of Social Structure and Action. Cambridge, Malden: Cambridge University Press. ISBN 978-0521521673, http://doi.org/10.1007/s13398-014-0173-7.2 Přejít k původnímu zdroji...
    46. Lin, N., Dumin, M. (1986). Access to Occupations through Social Ties. Social Networks, 8(4), 365-385, https://doi.org/10.1016/0378-8733(86)90003-1 Přejít k původnímu zdroji...
    47. Lin, N., Vaughn, J. C., Ensel, W. M. (1981). Social Resources and Occupational Status Attainment. Social Forces, 59(4), 1163-1181, http://doi.org/10.2307/2577987 Přejít k původnímu zdroji...
    48. Loury, G. C. (1977). A Dynamic Theory of Racial Income Differences, in Books, L., ed., Women, Minorities, and Employment Discrimination. Lexington, MA: Lexington Books.
    49. Lusardi, A., Mitchell, O. S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, 52(1), 5-44, http://doi.org/10.1257/jel.52.1.5 Přejít k původnímu zdroji...
    50. Lusardi, A., Mitchell, O. S., Curto, V. (2014). Financial Literacy among the Young. Journal of Consumer Affairs, 44(2), 350-380, https://doi.org/10.1111/j.1745-6606.2010.01173.x Přejít k původnímu zdroji...
    51. Lusardi, A., Tufano, P. (2009). Debt Literacy, Financial Experiences and Overindebtedness. National Bureau of Economic Research. NBER Working Paper Series No. 14808, https://doi.org/10.3386/w14808 Přejít k původnímu zdroji...
    52. Martinsson, J., Dahlberg, S., Lundmark, S. O. (2013). Is Accuracy Only for Probability Samples? Comparing Probability and Non-probability Samples in a Country with Almost Full Internet Coverage. 68th Annual Conference of the American Association for Public Opinion Research (AAPOR), Boston, Massachusetts. [Retrieved 2018-10-07] Available at: https://lore.gu.se/digitalAssets/1455/1455221_martinsson--dahlberg-and-lundmark--2013--aapor-is-accuracy-only-for-probability-samples.pdf
    53. Mazer, J. P., Murphy, R. E., Simonds, C. J. (2007). I'll See You on "Facebook": The Effects of Computer-mediated Teacher Self-disclosure on Student Motivation, Affective Learning, and Classroom Climate. Communication Education, 56(1), 1-17. http://doi.org/10.1080/03634520601009710 Přejít k původnímu zdroji...
    54. Megapanel PBI/Gemius (2015). [Retrieved 2018-11-27] Available at: https://www.gemius.pl/files/PL/infografika_17_02/2015_10_FacebookTwitter.png
    55. Montgomery, J. D. (1992). Job Search and Network Composition: Implications of the Strength-of-weak-ties Hypothesis. American Sociological Review, 57(5), 586-596, https://doi.org/10.2307/2095914 Přejít k původnímu zdroji...
    56. Norvilitis, J. M., Merwin, M. M., Osberg, T. M., Roehling, P. V., Young, P., Kamas, M. M. (2006). Personality Factors, Money Attitudes, Financial Knowledge, and Credit-card Debt in College Students. Journal of Applied Social Psychology, 36(6), 1395-1413, https://doi.org/10.1111/j.0021-9029.2006.00065.x Přejít k původnímu zdroji...
    57. Open Science Collaboration. (2015). Estimating the Reproducibility of Psychological Science. Science, 349(6251), 943-951, http://doi.org/10.1126/science.aac4716 Přejít k původnímu zdroji...
    58. Ormel, J., Lindenberg, S., Steverink, N., Vonkorff, M. (1997). Quality of Life and Social Production Functions: A Framework for Understanding Health Effects. Social Science & Medicine, 45(7), 1051-63, http://doi.org/10.1016/S0277-9536(97)00032-4 Přejít k původnímu zdroji...
    59. Ostrom, E. (1995). Self-organization and Social Capital. Industrial and Corporate Change, 4(1), 131-159, https://doi.org/10.1093/icc/4.1.131 Přejít k původnímu zdroji...
    60. Patton, D., Kenney, M. (2003). Innovation and Social Capital in Silicon Valley. Berkeley Roundtable on the International Economy. Working Paper No. 155. Available at: http://www.e-fortrade.com/project_eseune/archivos_hitos/2350/Regions%20and%20Innovation%20Silicon%20Valley.pdf
    61. Paxton, P. (1999). Is Social Capital Declining in the United States? A Multiple Indicator Assessment. American Journal of Sociology, 105(1), 88-127, http://doi.org/10.1086/210268 Přejít k původnímu zdroji...
    62. PEW Research Center (2015). The Evolving Role of News on Twitter and Facebook. Pew Research Center. Available at: http://www.journalism.org/files/2015/07/Twitter-and-News-Survey-Report-FINAL2.pdf
    63. Putnam, R. D. (1995). Bowling Alone: America's Declining Social Capital. Journal of Democracy, 6(1), 65-78, http://doi.org/10.1016/S0362-3319(02)00190-8 Přejít k původnímu zdroji...
    64. Putnam, R. D. (2000). Bowling Alone: The Collapse and Revival of American Community. New York, London, Toronto, Sydney, Singapore: Simon & Schuster. http://doi.org/10.1007/s13398-014-0173-7.2 Přejít k původnímu zdroji...
    65. R Core Team (2017). R: A Language and Environment for Statistical Computing. R Foundation for Statistical Computing, Vienna, Austria. 2016.
    66. Rivers, D. (2006). Sample Matching: Representative Sampling from Internet Panels. Polimetrix White Paper Series. [Retrieved 2018-11-07] Available at: http://www.websm.org/uploadi/editor/1368187057Rivers_2006_Sample_matching_Representative_sampling_from_Internet_panels.pdf
    67. Rivers, D. (2007). Sampling for Web Surveys. Joint Statistical Meetings. [Retrieved 2018-11-07] Available at: https://pdfs.semanticscholar.org/fffa/a7e52c5d163a0944974a68160ee6e0a6b481.pdf
    68. Rogosic, S., Baranovic, B. (2016). Social Capital and Educational Achievements: Coleman vs. Bourdieu. CEPS Journal, 6(2), 81-100. Přejít k původnímu zdroji...
    69. Skocpol, T. (1996). Unravelling from Above. The American Prospect, 25(7), 20-24.
    70. Statistics Poland (2018). Demographic Yearbook of Poland. Warsaw: Central Statistical Office.
    71. Steffes, E. M., Burgee, L. E. (2009). Social Ties and Online Word of Mouth. Internet Research, 19(1), 42-59, http://doi.org/10.1108/10662240910927812 Přejít k původnímu zdroji...
    72. Stolper, O. A., Walter, A. (2017). Financial Literacy, Financial Advice, and Financial Behavior. Journal of Business Economics, 87(5), 581-643, https://doi.org/10.1007/s11573-017-0853-9 Přejít k původnímu zdroji...
    73. Sztompka, P. (2000). Trust: A Sociological Theory. Cambridge, New York, Port Melbourne: Cambridge University Press.
    74. Tett, L., Maclachlan, K. (2007). Adult Literacy and Numeracy, Social Capital, Learner Identities and Self-confidence. Studies in the Education of Adults, 39(2), 150-167, http://doi.org/10.1080/02660830.2007.11661546 Přejít k původnímu zdroji...
    75. Valenzuela, S., Correa, T., Gil de Zúñiga, H. (2018). Ties, Likes, and Tweets: Using Strong and Weak Ties to Explain Differences in Protest Participation across Facebook and Twitter Use. Political Communication, 35(1), 1-18, http://doi.org/10.1080/10584609.2017.1334726 Přejít k původnímu zdroji...
    76. Watson, J. J. (2003). The Relationship of Materialism to Spending Tendencies, Saving, and Debt. Journal of Economic Psychology, 24, 723-739, http://doi.org/10.1016/j.joep.2003.06.001 Přejít k původnímu zdroji...
    77. Webber, M., Huxley, P., Harris, T. (2011). Social Capital and the Course of Depression: Six-month Prospective Cohort Study. Journal of Affective Disorders, 129(1-3), 149-157, http://doi.org/10.1016/j.jad.2010.08.005 Přejít k původnímu zdroji...
    78. Wellman, B., Haase, A. Q., Witte, J., Hampton, K. (2001). Does the Internet Increase, Decrease, or Supplement Social Capital? American Behavioral Scientist, 45(3), 436-455, https://doi.org/10.1177/00027640121957286 Přejít k původnímu zdroji...
    79. Wells, T., Link, M. (2014). Facebook User Research Using a Probability-based Sample and Behavioral Data. Journal of Computer-Mediated Communication, 19(4), 1042-1052, https://doi.org/10.1111/jcc4.12058 Přejít k původnímu zdroji...
    80. Yakubovich, V., Earle, J., Miller, S. (2005). Weak Ties, Information, and Influence: How Workers Find Jobs in a Local Russian Labor Market. American Sociological Review, 70(3), 408-421, https://doi.org/10.1177/000312240507000303 Přejít k původnímu zdroji...
    81. Yeager, D. S., Krosnick, J. A., Chang, L., Javitz, H. S., Levendusky, M. S., Simpser, A., Wang, R. (2011). Comparing the Accuracy of RDD Telephone Surveys and Internet Surveys Conducted with Probability and Non-probability Samples. Public Opinion Quarterly, 75(4), 709-747, http://doi.org/10.1093/poq/nfr020 Přejít k původnímu zdroji...

    Tento článek je publikován v režimu tzv. otevřeného přístupu k vědeckým informacím (Open Access), který je distribuován pod licencí Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), která umožňuje nekomerční distribuci, reprodukci a změny, pokud je původní dílo řádně ocitováno. Není povolena distribuce, reprodukce nebo změna, která není v souladu s podmínkami této licence.


    Zpět na obsah