Download or read book Three Essays on Money Arguments and Financial Behaviors written by Julie A. Cumbie and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation explores financial behavior outcomes based on economic, relational, and behavioral characteristics within marriages and individually. Data for the three essays are obtained from the National Longitudinal Survey of Youth 1979 cohort (NLSY79) and the NLSY79 Child and Young Adult (1986-2008) survey. Essay one examined the determinants of money arguments within marriage utilizing Lundberg and Pollak's (1994) theory of non-cooperative game theory. Respondents' negative financial behaviors, higher income, and birth order (being laterborn) were found to influence a greater frequency of money arguments. Essay two examined the predictors of individuals' financial behaviors, specifically socialization characteristics and gender role attitudes (traditional versus non-traditional). Using a theoretical framework of gender role theory (Eagly, 1987), younger age, not being married, being non-Black, non-Hispanic, being males, and having higher income were all found to be predictive of at least of one of the three financial behaviors used in this study. Finally, using a theoretical framework of Becker's (1993) theory of human capital, essay three explored the intergenerational transfer of attitudes and human capital across two generations and their possible link to the respondents' financial behaviors. Results showed that mothers' enhanced human capital, endowed and attained, and nontraditional gender role attitudes have a significant positive impact on the children's financial behaviors. Respondents' income was also found to be significant. Combined results of the dissertation reveal that a link exists between the three issues discussed in the individual papers. Essay one examined what factors, including financial behaviors, might influence spousal money arguments. In response, essays two and three explored the predictors of financial behaviors within one generation and across two generations. These studies may be beneficial to financial planners, counselors, and therapists by exposing specific determinants of positive versus negative financial behaviors. These findings also provide useful information for policymakers in creating programs that best serve the needs of individuals related to their personal financial issues. Overall, by exploring not only monetary, but attitudinal and socialization effects of financial behaviors, this study adds to the body of knowledge related to the encompassing field of personal financial planning.

Download or read book Financial literacy motivated reasoning and gender written by Thérèse Lind and published by Linköping University Electronic Press. This book was released on 2019-05-16 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: I wrote this thesis to create a better understanding of how individual characteristics influence our feelings, our behavior and our way of interpreting information. My focus is on financial behavior and financial information, however I also consider a political context. I investigate the (usually) enabling abilities of financial literacy and numeracy. I also consider impediments such as stereotype threat and motivated reasoning, which can prevent people from engaging in certain behaviors or from interpreting information objectively. Both processes stem from valued beliefs and psychological foundations, consequently peoples’ efforts, decisions, and evaluations are based on them. The first essay, “Competence, confidence, and gender: The role of perceived and actual financial literacy in household finance,” broadens our understanding of the benefits of financial competence. I contrast perceived and actual levels of financial literacy, and consider the role of numeracy and cognitive reflective ability. I conclude that perceived and actual levels of financial literacy positively affect behavior and wellbeing; however, perceived financial literacy more so than actual financial literacy. No such effect is observed for numeric ability and cognitive reflection. Furthermore, women are more anxious about financial matters even though they tend to engage more frequently in the considered financial behaviors. The second essay, “Threatening finance? Examining the gender gap in financial literacy,” continues my exploration of the relationship between gender and financial literacy. In a series of studies, I investigate whether the observed gender gap in financial literacy can be identified in nonnumerical contexts, if it can be associated with confidence in financial matters, and if it can be attributed to stereotype threat, which posits that inbuilt prejudices about gender and finance undermine women’s performance of tasks that involve finance. The results show that the observed gender gap in financial literacy is robust even in nonnumerical financial contexts and suggest that a stereotype threat for women in the financial domain might be present. The gender gap in financial literacy could not be attributed to a difference in (displayed) confidence. In the third essay, “Preferences for lump-sum over divided payment structures,” I investigate whether or not people display systematic preferences for lump–sum or divided payment structures and how these preferences differ in gain (benefit) and loss (payment) situations. I investigate what happens when payments belong to a single underlying event, such as when people can choose to pay immediately or in installments. I also examine whether or not individual differences in time preferences, risk preferences, numeracy, and financial literacy are associated with preferences for one payment structure or the other. The aggregate results show a tendency for people to prefer obtaining and paying money in lump sums. I find no systematic indication that the considered individual differences play a role in this type of decision. The fourth essay, “Motivated reasoning when assessing the effect of refugee intake,” inquires into differences in worldview ideology, whether people identify as nationally or globally oriented, hinder them from objectively interpreting information. I use an experiment to find out if people display motivated reasoning when interpreting numerical information about the effects of refugees on the crime rate. Our results show evidence of motivated reasoning along the lines of worldview ideology. However, individuals with higher numeric ability were less likely to engage in motivated reasoning, leading to the conclusion that motivated reasoning is more likely to be driven by feelings and emotional cues than by deliberate analytical processes.

Download or read book The Theory of Money and Financial Institutions written by Martin Shubik and published by MIT Press. This book was released on 1999 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

Download or read book Behavioral Aspects of Financial Decision Making written by Emanuela Trifan and published by . This book was released on 2008 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Money and Finance written by Stephen M. Andoseh and published by . This book was released on 2000 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Behavioral Finance written by Gabriele M. Lepori and published by . This book was released on 2008 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Client Psychology written by CFP Board and published by John Wiley & Sons. This book was released on 2018-02-21 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Client-Centered approach to Financial Planning Practice built by Research for Practitioners The second in the CFP Board Center for Financial Planning Series, Client Psychology explores the biases, behaviors, and perceptions that impact client decision-making and overall financial well-being. This book, written for practitioners, researchers, and educators, outlines the theory behind many of these areas while also explicitly stating how these related areas directly impact financial planning practice. Additionally, some chapters build an argument based solely upon theory while others will have exclusively practical applications. Defines an entirely new area of focus within financial planning practice and research: Client Psychology Serves as the essential reference for financial planners on client psychology Builds upon and expands the body of knowledge for financial planning Provides insight regarding the factors that impact client financial decision-making from a multidisciplinary approach If you’re a CFP® professional, researcher, financial advisor, or student pursuing a career in financial planning or financial services, this book deserves a prominent spot on your professional bookshelf.

Download or read book Three Essays on Money written by Henry C. Carey and published by . This book was released on 1855 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International Handbook of Financial Literacy written by Carmela Aprea and published by Springer. This book was released on 2016-03-24 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook presents in-depth research conducted on a myriad of issues within the field of financial literacy. Split into six sections, it starts by presenting prevalent conceptions of financial literacy before covering financial literacy in the policy context, the state and development of financial literacy within different countries, issues of assessment and evaluation of financial literacy, approaches to teaching financial literacy, and teacher training and teacher education in financial literacy. In doing so, it provides precise definitions of the construct of financial literacy and elaborates on the state and recent developments of financial literacy around the world, to show ways of measuring and fostering financial literacy and to give hints towards necessary and successful teacher trainings. The book also embraces the diversity in the field by revealing contrasting and conflicting views that cannot be bridged, while at the same time making a contribution by re-joining existing materials in one volume which can be used in academic discourse, in research-workshops, in university lectures and in the definition of program initiatives within the wider field of financial literacy. It allows for a landscape of financial literacy to be depicted which would foster the implementation of learning opportunities for human beings for sake of well-being within financial living-conditions. The Handbook is useful to academics and students of the topic, professionals in the sector of investment and banking, and for every person responsible for managing his or her financial affairs in everyday life.

Download or read book Three Essays on Rational Consumer Behavior written by David Yong Shim and published by . This book was released on 1987 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in International Money and Finance written by James R Lothian and published by World Scientific. This book was released on 2017-06-29 with total page 820 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of the book is to make the author's scholarly research in the areas of international finance and monetary economics easily accessible to other researchers and students. The articles included in the book span a wide range. The topics include the behavior of the three key relations in international finance, purchasing power parity, interest rate parity and real interest rate equality, the relation between money and other key economic variables, financial globalization and the transmission of economic disturbances internationally.

Download or read book Oxford English forAcademic Purposes Upper intermediate Student Book B2 written by Edward de Chazal and published by Oxford University Press. This book was released on 2015-08-13 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oxford English for Academic Purposes offers a specialist course covering listening, speaking and reading in key areas of academic life such as lectures, presentations and textbooks. The course is consistent with levels A2 to C1 of the Common European Frame of Reference for the teaching of foreign languages.

Download or read book Three Essays in International Economics written by Gaofeng Han and published by . This book was released on 2001 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Capital Flows Banking Weakness and Real Exchange Rates in East Asia and Latin America written by Mohamed Hassan and published by . This book was released on 2002 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book U S Health in International Perspective written by National Research Council and published by National Academies Press. This book was released on 2013-04-12 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is among the wealthiest nations in the world, but it is far from the healthiest. Although life expectancy and survival rates in the United States have improved dramatically over the past century, Americans live shorter lives and experience more injuries and illnesses than people in other high-income countries. The U.S. health disadvantage cannot be attributed solely to the adverse health status of racial or ethnic minorities or poor people: even highly advantaged Americans are in worse health than their counterparts in other, "peer" countries. In light of the new and growing evidence about the U.S. health disadvantage, the National Institutes of Health asked the National Research Council (NRC) and the Institute of Medicine (IOM) to convene a panel of experts to study the issue. The Panel on Understanding Cross-National Health Differences Among High-Income Countries examined whether the U.S. health disadvantage exists across the life span, considered potential explanations, and assessed the larger implications of the findings. U.S. Health in International Perspective presents detailed evidence on the issue, explores the possible explanations for the shorter and less healthy lives of Americans than those of people in comparable countries, and recommends actions by both government and nongovernment agencies and organizations to address the U.S. health disadvantage.

Download or read book Three Essays on Money in Politics in the United States written by Zhao Li and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Campaign donors in the United States, though a small and unrepresentative segment of the broader electorate, have the financial means to potentially exert an outsized influence in American politics. Understanding the micro-foundation of donor behavior-why do they give? And how do they choose among different candidates and other recipients?-can allow us to assess the aggregate implications of the existing campaign finance system on the nature of democratic representation in the United States. My dissertation adopts this analytic approach to study the implications of donor behavior on three areas of American political institutions: interest group politics, political extremism, and electoral accountability.The first essay, “How Internal Constraints Shape Interest Group Activities: Evidence from Access-Seeking PACs” (recently published at the American Political Science Review),1 re-examines the enduring puzzle of why there is little interest group money in politics relative to the economic value of policies at stake. A key fact motivating this puzzle is that interest group political action committees (PACs) give much less to campaigns than legally allowed. Prevailing theories infer that PAC contributions must yield minimal returns, but this argument presumes that interest groups can always give more than observed if they found doing so worthwhile. This chapter provides an alternative perspective by arguing that internal constraints faced by interest groups may also explain why they give little.I focus on one particular source of internal constraints that affect access-seeking PACs (e.g., corporate PACs): these PACs are required by law to fund themselves solely with voluntary and limited donations from affiliated individuals (e.g., employees). A collective action problem in PAC fundraising therefore makes non-material factors, especially partisanship, more pivotal than material incentives in these individuals' decisionmaking. As a result, access-oriented PACs, which contribute across party lines and favor members of the majority, may risk alienating donors with partisan preferences when contributing to politicians from the opposite party. I provide robust evidence for this hypothesis in two studies. First, difference-in-differences analysis of longitudinal campaign finance records demonstrates that individual donors are less likely to give to their affiliated access-seeking PACs when PAC contributions support the party that donors oppose. Second, my original survey of corporate PAC donors shows that donors know how their PACs allocate contributions across parties, and replicates the main result from the difference-in-differences analysis in a survey experiment.In short, through the PAC fundraising process, donors' partisan preferences constrain accessseeking PACs' ability to reap the full benefits of strategic campaign contributions, including such contributions' integral role in facilitating lobbying efforts. I therefore shed a new light on why there is little interest group money in elections, and highlight the importance of understanding interest group strategy and power by focusing on the constraints imposed by individual members on whom interest groups critically depend.My second chapter examines the open question of whether campaign donors, like voters in the United States and elsewhere, become more favorable towards extremist politicians in the aftermath of financial crises.

Download or read book Three Essays on Central Banking written by Matthew Thomas Jones and published by . This book was released on 1997 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: