Tag: financial planning process research

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Behavior Change Among Savings Program Participants

Loibl, C., Grinstein-Weiss, M., Zhan, M. & Red Bird, B. (2010). More than a penny saved: Long-term changes in behavior among savings program participants. Journal of Consumer Affairs, 44, (1): 98-126. http://dx.doi.org/10.1111/j.1745-6606.2010.01159.x.

Brief Description: The study explored the long-term effectiveness of low-income individuals’ participation in a federally funded matched savings program. To collect data, a survey was mailed to former program participants in Ohio, and compared with the responses of a general low-income population sample. The results document that …

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Determinants of Asset Allocation Strategies for Retirement Saving

Morrin, M., Broniarczyk, S. & Inman, J. J. (2008), Saving for Retirement: The Effects of Fund Assortment Size and Investor Knowledge on Asset Allocation Strategies, The Journal of Consumer Affairs, 42(2), 206-222.

Brief Description: We conducted a decision simulation among 211 adults whose task was to invest in a hypothetical 401(k) retirement plan. We varied the number of mutual funds (3 or 21) offered for investment and assessed investor knowledge with a self-report measure. The results indicate that less …

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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. …

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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. …

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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 …

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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 …

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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 …

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Effects of Information on Consumers’ Perceptions of Mutual Funds

 

Kozup, John C., Elizabeth Howlett and Michael Pagano (2008), The Effects of Summary Information on Consumer Perceptions of Mutual Fund Characteristics, Journal Consumer Affairs, 42(1), 37-59.

Brief Description: Choosing how to best invest for retirement is one of the most important decisions a consumer can make. Unfortunately, this can be an especially challenging task given the current financial information disclosure environment. The objective of this research was to explore whether a single page supplemental information disclosure impacts investors’ fund …

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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 …

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Teens’ financial knowledge and behavior

 

Danes, S. M., & Haberman, H.R. (2007). Teen financial knowledge, self-efficacy, and behavior: A gendered view. Financial Counseling and Planning, 18(2), 48-60.

http://6aa7f5c4a9901a3e1a1682793cd11f5a6b732d29.gripelements.com/pdf/7-2866-volume-18-issue-2.pdf

Brief Description: This study explored gender differences in financial knowledge and behavior among high school students after studying a financial planning curriculum. Females believed that managing money affected their future more than males, but males felt more confident making money decisions. Males reinforced existing knowledge while females learned significantly more about finances in areas where they …

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