Ngwenya, Mthunzi A.; Paas, Leonard J. - In: Journal of Economic Psychology 33 (2012) 1, pp. 8-18
This paper assesses ownership of 16 financial products by households in different lifecycle stages amongst four ethnic groups (Africans, Coloureds, Asians, and Whites) in South Africa. The lifecycle hypothesis indicates younger households should own more debt-related financial products, whereas...