Financial Literacy Volunteers: Individual Choice in new Institutional Conditions
Research Article
Acknowledgments
The study was conducted in the Laboratory for Studies in Economic Sociology at the HSE University, the project “Russians’ Daily Social Practices under Exogenous Shocks”, and supported by the Program for Basic Research of the HSE University.
How to Cite
Moiseeva D.V. Financial Literacy Volunteers: Individual Choice in new Institutional Conditions. Sotsiologicheskiy Zhurnal = Sociological Journal. 2024. Vol. 30. No. 4. P. 104-125. DOI: https://doi.org/10.19181/socjour.2024.30.4.5 (in Russ.).
Abstract
The functioning of social institutions is the basis of social life. The creation of new institutions can take place through the development of formal requirements and classifications at the level of old institutions. The focus of the study the results of which are presented in this paper is examining the process of appropriating newly created rules and classifications at the level of individuals during the development of a new institution. The methodological framework chosen was M. Douglas’s theory of cognitive institutions, which allowed us to identify the stages of creating a new institution by correlating three definitions of the concept of ‘institution’: a large-scale industrial process, a legitimized social group and a convention. The empirical object was the project ‘Volunteers of Financial Education’ and its participants. The functioning of the project is considered in the broad context of work on improving financial literacy among the population. The detailed characteristic of the institutional design of this project is given, classifications created within its framework are analyzed, the process of origin of the new institution is shown. The study of volunteers’ inclusion in the process of improving financial literacy among the population allowed us to identify five options of individual choice: inclusion through the development of classifications; through the adoption of classifications; through solving the problems of local communities and non-adoption of classifications; inclusion mediated by involvement in other volunteer activities, without the adoption of classifications; participation in volunteer activities on the basis of personal motives without the adoption of classifications. The description of the three levels of the process of institutionalization of new classification grids allowed us to obtain a comprehensive characteristic of the system of improving financial literacy in Russia.
Keywords:
financial literacy, financial education, financial behavior, economic behavior, volunteering, institution
References
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2. Volkova M.D. Shamans, Bureaucrats, and their Cosmologies: Local Religious Organisations in Buryatia and The Irkutsk Region. Antropologicheskii forum. 2021. No. 51. P. 39–71. DOI: 10.31250/1815-8870-2021-17-51-39-71 (In Russ.)
3. Douglas M. How Institutions Think. Transl. from Eng. by A.M. Korbut. Moscow: Elementarnye formy publ., 2020. 250 p. (In Russ.)
4. Durkheim É., Mauss M. On Some Primitive Forms of Classification. Towards the Study of Collective Representations. Mauss M. Societies. Exchange. Personality. Works on Social Anthropology. Transl. from French; comp.; foreword; notes by A.B. Gofman. Moscow: KDU publ., 2011. P. 55–124. (In Russ.)
5. Durkheim É. The Method of Sociology. Sociology. Its Subject, Method, Purpose. Transl. from French by A.B. Gofman. Moscow: Yurait publ., 2019. P. 39–158. (In Russ.)
6. Durkheim É. The Division of Labour in Society. Transl. from French by A.B. Gofman. Moscow: Kanon publ., 1996. 430 p. (In Russ.)
7. Durkheim É. Individual and Collective Representations Sociology. Sociology. Its Subject, Method, Purpose. Transl. from French by A.B. Gofman. Moscow: Yurait publ., 2019. P. 165–190. (In Russ.)
8. Durkheim É. Suicide. Transl. from French. by A.N. Il’menskii. Moscow: Izd-vo N.P. Karbasnikova publ., 1912. 541 p. (In Russ.)
9. Durkheim É. Elementary Forms of Religious Life. The Totemic System in Australia. Transl. from French by A.B. Gofman. Mysticism. Religion. Science. Classics of World Religious Studies. Ed. by A.N. Krasnikov. Moscow: Kanon+ publ., 1998. P. 175–231. (In Russ.)
10. Kuzina O.E., Moiseeva D.V. Strategies of Financial Behavior of Russians: Concept, Dynamics, Factors. Voprosy Ekonomiki. 2021. No. 10. P. 71–88. DOI: 10.32609/0042-8736-2021-10-71-88 (In Russ.)
11. Patsyukova Yu. How Institutions Are Classified: A Reassembly of Mary Douglas’s Argument. Goodbye, COVID? Public, Private and Political in a Medicalized World: A Collection of Articles. Ed. by K. Gaaze, V. Danilov, I. Dudenkova, D. Kralechkin, P. Safronov. Moscow: Gaidar Institute for Economic Policy publ., 2020. P. 326–355. (In Russ.)
12. Fleck L. Genesis and Development of a Scientific Fact: Introduction to the Theory of the Style of Thinking and the Thinking Team. Transl. from Eng., Germ., Polish, comp., foreword, ed. by V.N. Porus. Moscow: Ideya-Press, Dom intellektual’noi knigi publ., 1999. 220 p. (In Russ.)
13. Cruciani C. Investor Decision-Making and the Role of the Financial Advisor: A Behavioural Finance Approach. Cham: Springer International Publishing, 2017. 161 p. DOI: 10.1007/978-3-319-68234-1
14. Dodd N. The Social Life of Money. Princeton: Princeton University Press, 2014. 444 p.
15. Epstein G.A. Financialization and the World Economy. Cheltenham: Edward Elgar Publishing, 2005. 413 p.
16. Irvine L. The Problem of Unwanted Pets: A Case Study in How Institutions “Think” about Clients’ Needs. Social Problems. 2003. Vol. 50. Iss. 4. P. 550–566. DOI: 10.1525/sp.2003.50.4.550
17. Karin K. Epistemic Cultures: How the Sciences Make Knowledge. Cambridge, Mass.: Harvard University Press, 1999. 352 p.
18. Latour B. How Institutions Think (Book Review). Contemporary Sociology. 1988. Vol. 17. No. 3. P. 383–385. DOI: 10.2307/2069673
19. Logue D., Clegg S., Gray J. Social Organization, Classificatory Analogies and Institutional Logics: Institutional Theory Revisits Mary Douglas. Нuman Relations. 2016. Vol. 69. No. 7. P. 1587–1609.DOI: 10.1177/0018726715614637
20. Morin D. The Good Financial Advisor. Indianapolis: Dog Ear Publishing, LLC, 2008. 348 р.
21. Zwan N., van der. Making Sense of Financialization. Socio-Economic Review. 2014. Vol. 12. Iss. 1. P. 99–129. DOI: 10.1093/ser/mwt020
Article
Received: 15.02.2024
Accepted: 19.12.2024
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[1]
Moiseeva, D.V. 2024. Financial Literacy Volunteers: Individual Choice in new Institutional Conditions. Sotsiologicheskiy Zhurnal = Sociological Journal. 30, 4 (Dec. 2024), 104-125. DOI:https://doi.org/10.19181/socjour.2024.30.4.5.
Section
ECONOMIC SOCIOLOGY
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