Showing 151 - 160 of 237
Why do we save? Do saving decisions reflect personal needs to achieve goals in one's life? This study examined the influence of six saving goals constructed both from Life-cycle hypothesis, and Maslow's hierarchical theory of human needs. Even though traditional goals, such as retirement savings...
Persistent link: https://www.econbiz.de/10013065791
The Survey of Consumer Finances (SCF) has included a 4-level risk tolerance measure since 1983. In 2016, the SCF also included an 11-level risk tolerance measure. We compare the two measures, and develop suggestions for using the new measure. While the new measure is seemingly simpler than the...
Persistent link: https://www.econbiz.de/10012835862
This article describes the current status and trends in the past three decades (1990-2019) of the Journal of Financial Counseling and Planning (JFCP). Since its first issue published in 1990, JFCP has become a major research outlet in consumer finance. It publishes cutting-edge, peer reviewed,...
Persistent link: https://www.econbiz.de/10012837226
Persistent link: https://www.econbiz.de/10012790690
We examine the effects of self-control mechanisms on saving behavior using the 2013 Survey of Consumer Finances (SCF), following the assumptions of research that analyzed the 1998 SCF. Self-control mechanisms include saving goals, foreseeable expenses, and saving rules. We find a positive effect...
Persistent link: https://www.econbiz.de/10012952444
1. This research examines the potential impact of the stock market crash of 2008-2009 on U.S. working households. The Great Recession caused financial problems for many households in terms of unemployment, business losses, and decreases in real estate values, but the broadly based decreases in...
Persistent link: https://www.econbiz.de/10012903701
Risk tolerance plays an important role in each household's optimal portfolio decision. This paperestimates the effects of income and demographic characteristics on risk tolerance by employingordered probit model. While individual with higher income, more education, self employed orfarmer,...
Persistent link: https://www.econbiz.de/10012908866
We analyzed factors related to the financial risk tolerance of Chinese households, using the 2011 China Household Finance Survey (CHFS). The risk tolerance question was similar to one in the U.S. Survey of Consumer Finances (SCF), and we found that CHFS respondents had slightly higher risk...
Persistent link: https://www.econbiz.de/10012894297
We tested whether Asian American parents place more importance on helping their children with college costs than parents with other racial/ethnic groups. Our logistic regression controlling for household characteristics shows that among households with at least one child age 13 to 17, Asian...
Persistent link: https://www.econbiz.de/10012894607
This study investigated the effect of objective and subjective financial literacy on mortgage payment delinquency using the 2015 National Financial Capability Study dataset. A hierarchical model showed a substantial negative effect of objective literacy on delinquency, but subjective literacy...
Persistent link: https://www.econbiz.de/10012897977