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Assessing Financial Well-Being and Migration INTentions: A Perspective from Greek Students

In: Building Resilience Through Digital Transformation and Sustainable Innovation

Author

Listed:
  • Goran Karanovic

    (University of Rijeka)

  • Ana Stambuk

    (University of Rijeka)

  • Persefoni Polychronidou

    (International Hellenic University)

Abstract

This study explores the self-perception of financial well-being and migration intentions of Greek students. Data from 346 students were gathered thought a structured online survey distributed to economics students in Greece. The research investigates student’s capacity to manage their financial routines, their adequacy of income, their perception of unforeseen financial challenges and propensity for savings. Alongside financial evaluations, this study also examines students’ intentions to migrate. The results reveal significant variance in financial perception within the student population. Over 50% of the student sample are not able to cover costs of unforeseen financial expenses or save money, and 25% of the sample lack financial adequacy manage financial routines. A considerable share of surveyed students articulates a willingness to migrate to regardless of the job availability in Greece, emphasising the strong preference towards improving the living conditions through migration. Furthermore, factors such the ability of secure a job in their field of study, language barriers as well personal relationships significantly influence students’ migration intention. The findings imply a complex connexion between self-perception of financial well-being and migration decisions, supported by economics status and personal aspirations for better quality of life. The study contributes to the large body of studies on youth migrations and implications of financial security, emphasising the need for inclusive policies that supports reductions of brain drain in Greece. This research sheds a new light on socio-economic factors and implications of youth migrations in Greece.

Suggested Citation

  • Goran Karanovic & Ana Stambuk & Persefoni Polychronidou, 2025. "Assessing Financial Well-Being and Migration INTentions: A Perspective from Greek Students," Springer Proceedings in Business and Economics, in: Ilona Bartuseviciene & Buracas Antanas & Anastasios Karasavvoglou & Persefoni Polychronidou (ed.), Building Resilience Through Digital Transformation and Sustainable Innovation, pages 97-105, Springer.
  • Handle: RePEc:spr:prbchp:978-3-031-90054-9_7
    DOI: 10.1007/978-3-031-90054-9_7
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    Keywords

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    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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