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Celia Ray Hayhoe

Author: Charles A. Jaffe Read More >

George Haynes

Authors: Charles Lickson and Bryane Lickson Read More >

Catherine Phillips Montalto and Yoonkyung Yuh

Repeated-imputation inference (RII) techniques for estimating nonlinear models with multiply imputeddata are described. RII techniques are used to estimate a logit model using the 1995 Survey ofConsumer Finances. RII techniques use all information available in multiply imputed data andincorporate estimates of imputation error. The advantage of RII techniques for analysis... Read More >

Ugis Sprudzs

This article finds that well-diversified portfolios are rare among households owning discretionary financial assets. Most households typically concentrate their portfolios in a single asset class. In 1995, two thirds had average allocations over 90% in constant dollar instruments, while 15% had portfolios dominated by a risky category. After controlling for... Read More >

John E. Grable and Ruth H. Lytton

This study was designed to determine what variables would differentiate between levels of investor risk tolerance and classify individuals into risk tolerance categories. A model was developed and empirically tested using data from the 1992 Survey of Consumer Finances. Multiple discriminant analysis indicated that the educational level of respondents was... Read More >

Sharon A. DeVaney, Deanna L. Sharpe, Constance Y. Kratzer and Ya-ping Su

Despite growth in the numbers of self-employed workers, there is little research on the retirement planning behavior of this group. The purpose of this study was to identify characteristics of self-employed workers and determine factors that lead to increased savings for retirement. Findings from a survey mailed to a convenience... Read More >

Bruce H. Brunson, Mike Snow and A. William Gustafson

This study investigated the effect of a mid-life career change on the financial well-being and satisfaction of career and noncareer military personnel who were retired or near full retirement. Subjects were divided into two groups: those with and those without military retirement pay. This article addresses variables affecting subjects' financial... Read More >

Joan Koonce Lewis

Industrial life insurance sold through the home service marketing system has been criticized for years. Small face value life insurance policies, though less popular than in the past, are currently sold to low- income consumers by agents collecting premiums in their homes. Because of the high cost associated with the... Read More >

Celia R. Hayhoe and Mari S. Wilhelm

Perceived economic well-being refers to judgments of one's economic situation in light of what is required and desired. Two hypotheses were tested and confirmed with a sample of couples: 1) that before reaching judgment, people pass objective and perceptual information through two mediators, comparison of economic outcomes and level of... Read More >

Barbara C. Kerkmann

While there appears to be general consensus in family finance texts and literature about which financial management practices are most effective, there is little agreement about what motivates financial counseling clients to follow recommendations. The Prochaska, DiClemente and Norcross transtheoretical model of stages of change is presented as a possible... Read More >

Bradley T. Ewing and James E. Payne

This study examined the long run relationship between the personal savings rate and the index of consumer sentiment in the United States over the 1959-1997 period using cointegration analysis. We find that consumer sentiment and the personal savings rate share a long run equilibrium. The results suggest that households reduce... Read More >

Yoonkyung Yuh and Catherine Phillips Montalto and Sherman Hanna

This study estimates the adequacy of retirement wealth of pre-retirement households using a 1995 national sample of households. Retirement wealth is projected using planned retirement age and portfolio allocation. Retirement needs are estimated from expenditure functions, and 52% of the households were adequately prepared. Households that spent less than income... Read More >