Articles

Posted on

Mortgage Professionals’ Perspectives on Abusive and Predatory Lending

 

Delgadillo, L. Erickson, L.V. & Piercy K.W. (2008). Disentangling the differences between abusive and predatory lending: Professionals’ perspectives. The Journal of Consumer Affairs 42 (3), 313-334.

Brief Description: This study describes how mortgage professionals differentiate abusive from predatory lending. The results indicate that some users of this term do not always adhere to a strict definition of predatory lending, but rather use it as a term for any general mortgage abuse and mortgage fraud. Existing laws at the federal and …

Posted on

Asset ownership by black and white families

 

DeVaney, S. A., Anong, S. T. & Yang, Y. (2007). Asset ownership by black and white families. Financial Counseling and Planning, 18(1), 33-45.

Brief Description: The study explored differences in ownership of homes, investment accounts, and retirement accounts by Black and White families. Greater education, income, and contact with financial institutions increased asset ownership for both groups. White families who saved regularly were more likely to own a home and to have investment and retirement accounts. Denial of credit …

Posted on

Wills, Trusts and Charitable Estate Planning

 

James, R.N. (2009). Wills, trusts, and charitable estate planning: An analysis of document effectiveness using panel data. Journal of Financial Counseling and Planning Education, 20(1), 3-14.

Brief Description: This study compared pre-death charitable estate plans with post-death distributions using a large national data set with over 26,000 individuals. It found that most respondents with charitable estate plans ultimately generated no charitable estate gift after death. The likelihood of making charitable gifts was significantly higher for those who funded an …

Posted on

Wealth and the Acquisition of Financial Literacy

 

Monticone, C. (2010). How much does wealth matter in the acquisition of financial literacy? The Journal of Consumer Affairs, 44 (2), 403-422.

Brief Description: This article investigated the determinants of financial literacy in Italy using the 2006 wave of the Italian survey on household income and wealth. Empirical results indicated that wealth has a positive effect on financial literacy, suggesting that households endowed with larger financial assets are more likely to invest in financial knowledge.

Implications: an implication for policymakers …

Posted on

Teachers’ Preparation for Teaching Personal Finance

 

Way, W. L. & Holden, K.C. (2009). Teachers’ background and capacity to teach personal finance: Results of a national study. Journal of Financial Counseling and Planning Education, 20(2), 64-78.

Brief Description: An increasing number of state mandates have expanded financial education at the elementary, secondary, and postsecondary levels. An online survey of 504 grade K-12 teachers was conducted to determine teachers’ background and capacity to teach personal finance. Results indicated that teachers recognized the importance of teaching personal finance …

Posted on

Women in Business-owning Families

 

Philbrick, C. & Fitzgerald, M. (2007). Women in business-owning families: A comparison of roles, responsibilities and predictions of family functionality. Journal of Family and Economic Issues, 28(4), 618-634.

Brief Description: This paper compares groups of women associated with family businesses in order to determine what factors predict how they function. Using the Sustainable Family Business (SFB) model, family and business characteristics are studied, as well as areas of interface between family and business systems. Results of this study indicate …

Posted on

Impact of Personal Finance Education

 

Peng, T.-C., Bartholomae, S., Fox, J. & Cravener, G. (2007). The impact of personal finance education delivered in high school and college courses. Journal of Family and Economic Issues, 28(2), 265-284.

Brief Description: This study investigated the impacts of personal finance education delivered in high school and college. Outcomes of interest were investment knowledge and household savings rates measured years after the financial education was delivered. A web-based survey was taken by 1,039 alumni from a large Midwestern university. …

Posted on

High School Economic Education and Access to Financial Services

 

Grimes, P.W., Rogers, K.E., & Smith, R.C. (2010) High School Economic Education and Access to Financial Services, Journal of Consumer Affairs, 44(2), 317-335.

Brief Description: This study examines the relationship between students taking economics and business courses while in high school and their decision to open and maintain a commercial bank account as an adult. The results of a nationwide telephone survey revealed that high school courses in economics and business reduced the probability that an adult was unbanked, …

Posted on

Financial Risk-taking Behavior

 

Grable, J. E., Britt, S. L. & Webb, F. J. (2008). Environmental and biopsychosocial profiling as a means for describing financial risk taking behavior. Financial Counseling and Planning, 19 (2), 3-18.

Brief Description: The study applied an intervention model of risky adolescent behavior to risky financial behaviors of adult money managers. The researchers explored the role of one’s level of affluence (referred to as the environmental profile) and his/her self-esteem and age (called the biopsychosocial profile) in financial risk-taking behavior. …

Posted on

How Financial Assets and Consumer Debt Influence Marital Conflict

 

Dew, J. (2007) Two sides of the same coin? The differing roles of assets and consumer debt in marriage. Journal of Family and Economic Issues, 28(1), 89-104.

Brief Description: This study assessed how financial assets (e.g., savings, investments, etc.) and consumer debt (e.g., credit card debt) influence the frequency of marital conflict. Assets indirectly decrease marital conflict by decreasing feelings of financial pressure. Although consumer debt adds to feelings of financial pressure, it also directly relates to increased frequency …

Proudly powered by WordPress