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A Study on the Socio-relational Meanings of Money

Korean Journal of Social and Personality Psychology / Korean Journal of Social and Personality Psychology, (P)1229-0653;
2009, v.23 no.2, pp.1-12
https://doi.org/10.21193/kjspp.2009.23.2.001



Abstract

The present study examined if socio-relational meanings of money were different depending on payment form. We presented various scenarios of paying and receiving money and asked participants to choose either cash or check and to write down reasons for their choice. In study 1, participants were undergraduate students and they preferred paying check because check delivered the socio-relational meanings to recipients. This result suggests that the meanings such as social formality, respect, and sincerity are better conveyed by check, especially in the paying situations. In study 2, participants were white collar workers and the results were different from those of study 1. Contrary to the undergraduate students, the workers preferred paying cash because cash delivered the socio-relational meanings to recipients. This suggests that workers confer the socio-relational meanings to cash. The opposite results seem to come from different usage experiences of cash and check between the two groups.

keywords
돈의 형태, 현금, 수표, 돈의 사회관계적 의미, payment form, cash, check, socio-relational meaning of money, payment form, cash, check, socio-relational meaning of money

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Korean Journal of Social and Personality Psychology