Spousal differences in financial risk tolerance

 

Gilliam, J.E., Goetz, J.W. & Hampton, V. L. (2008). Spousal differences in financial risk tolerance. Financial Counseling and Planning, 19(1), 3-11.

Brief Description: This study explored the financial risk tolerance of 110 couples who completed a Web-based survey. Wives who were university graduates had a higher tolerance for risk, whereas their husbands’ mean risk tolerance score was lower than husbands whose wives did not have degrees. Perhaps, due to a higher level of household income, it is unnecessary for …

Racial/Ethnic Differences in High Return Investment Ownership

 

Hanna, S. D., Wang, C. & Yuh, Y. (2010). Racial/ethnic differences in high return investment ownership: A decomposition analysis. Journal of Financial Counseling and Planning Education, 21 (2), pp. 44-59.

Brief Description:  Research on ownership of high risk/high return assets shows that Black and Hispanic households are much less likely to own them than are White households, even after education is taken into account. This study uses a decomposition strategy to examine how minority households would invest if they had …

Assertiveness and Investment Risk of Married Couples

 

Gilliam, J., Dass, M., Durband, D. B. & Hampton, V. (2010). The role of assertiveness in portfolio risk and financial risk tolerance among married couples. Journal of Financial Counseling and Planning 21 (1), pp. 53-67.

Brief Description:  Couples who were clients of financial planners were surveyed regarding their assertiveness, risk tolerance and investment portfolios. No relationship was found between assertiveness and risk tolerance or portfolio risk level. There was a positive relationship between wife’s proportion of asset holding (higher relative …

Women’s investment decision-making

 

Loibl, C., Lee, J., Mentel-Gaeta, E., Fox. J. (2007). Women’s high-consequence decision making: A nonstatic and complex choice process. Financial Counseling and Planning, 18(2), 35-47.

Brief Description: Using qualitative data from a focus group of female investors, this study examined choice processes used when making mutual fund decisions in employer retirement plans. It found that investment decision-making is a compromise between the goals of increased accuracy and a desire to limit cognitive effort. Observations included a lack of investment information …

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. …

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, …

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. …

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 …

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 …

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 …