Title | Financial Decision Making and Cognition in a Family Context. |
Publication Type | Journal Article |
Year of Publication | 2010 |
Authors | Smith, JP, McArdle, JJ, Willis, RJ |
Journal | Econ J (London) |
Volume | 120 |
Issue | 549 |
Pagination | F363-F380 |
Date Published | 2010 Nov 01 |
ISSN Number | 0013-0133 |
Call Number | newpubs20110418_Smith.pdf |
Abstract | In this paper, we studied the association of cognitive traits and in particular numeracy of both spouses on financial outcomes of the family. We found significant effects, particularly for numeracy for financial and non-financial respondents alike, but much larger effects for the financial decision maker in the family. We also examined who makes these financial decisions in the family and why. Once again, cognitive traits such as numeracy were an important component of that decision with larger effects of numeracy for husbands compared to wives. |
DOI | 10.1111/j.1468-0297.2010.02394.x |
User Guide Notes | |
Endnote Keywords | cognition/numeracy/financial decision-making/financial decision-making/Families |
Endnote ID | 25510 |
Alternate Journal | Econ J (London) |
Citation Key | 7539 |
PubMed ID | 21116477 |
PubMed Central ID | PMC2992344 |
Grant List | P01 AG026571 / AG / NIA NIH HHS / United States R37 AG007137 / AG / NIA NIH HHS / United States U01 AG009740 / AG / NIA NIH HHS / United States R37 AG025529 / AG / NIA NIH HHS / United States R24 HD041028 / HD / NICHD NIH HHS / United States R01 AG007137 / AG / NIA NIH HHS / United States R37 AG012394 / AG / NIA NIH HHS / United States P01 AG026571-02 / AG / NIA NIH HHS / United States R01 AG040165 / AG / NIA NIH HHS / United States P01 AG008291 / AG / NIA NIH HHS / United States |