Financial Decision Making and Cognition in a Family Context.

TitleFinancial Decision Making and Cognition in a Family Context.
Publication TypeJournal Article
Year of Publication2010
AuthorsSmith, JP, McArdle, JJ, Willis, R
JournalEcon J (London)
Volume120
Issue549
PaginationF363-F380
Date Published2010 Nov 01
ISSN Number0013-0133
Call Numbernewpubs20110418_Smith.pdf
Abstract

<p>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.</p>

URLhttp://mgetit.lib.umich.edu/sfx_local?sid=metalib 3AARTICLEFIRSTandamp=andamp=andamp=andamp=andamp=andamp=andamp=andamp=andamp=andamp=andamp=andamp=andamp=andamp=andamp=andamp=andamp=andid=doi 3Aandgenre=andisbn=andissn=0013-0133anddate=2010andvolume=120a
DOI10.1111/j.1468-0297.2010.02394.x
User Guide Notes

http://www.ncbi.nlm.nih.gov/pubmed/21116477?dopt=Abstract

Endnote Keywords

cognition/numeracy/financial decision-making/financial decision-making/Families

Endnote ID

25510

Alternate JournalEcon J (London)
Citation Key7539
PubMed ID21116477
PubMed Central IDPMC2992344
Grant ListP01 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
R01 AG040165 / AG / NIA NIH HHS / United States
P01 AG008291 / AG / NIA NIH HHS / United States
R37 AG012394 / AG / NIA NIH HHS / United States
P01 AG026571-02 / AG / NIA NIH HHS / United States