Graduation Date

5-2018

Document Type

Honors Thesis

Degree Name

Bachelor of Science

Department

Psychology

Director of the Honors Program

Gigi Gokcek, Ph.D.

First Reader

Veronica Fruiht, Ph.D.

Second Reader

Afshin Gharib, Ph.D.

Abstract

In the literature of capitalism, there are many studies concerning the effect of capitalism on stress (Kasser, 1993; Olson, 2006; Thompson, 2013). There are also many studies regarding how capitalism affects college students (Macdougal, 2014; Ritchie, 2001). The present study investigates how students graduating from college feel about our current economic system. It looks for a correlation between perceptions of capitalism, socioeconomic status, and perceived job prospects. The present study had approximately 12 participants, all in college, most were white and of higher socioeconomic status. Results show that those with higher perceptions of employability also had higher economic locus of control, meaning that if someone feels that they can get a job, they also feel in control of their financial situation. This could be due to the constantly changing state of college student’s socioeconomic status. Future research should continue to investigate in which situations college students feel desire to change the economic market.

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