TY - JOUR T1 - Market Volatility and Financial Satisfaction: The Role of Financial Self-Efficacy JF - Journal of Behavioral Finance Y1 - 2019 A1 - Asebedo, Sarah D. A1 - Payne, Patrick KW - Economics KW - Financial Health KW - Market analyses KW - Risk Factors AB - This study investigates the role of financial self-efficacy (FSE) in moderating the relationship between market volatility and financial satisfaction within a sample of 3,405 adults 50 years old and over from the Health and Retirement Study. Results revealed that market volatility had no statistically significant effect with financial satisfaction for those with moderate or high FSE, but market volatility did have a negative effect for those with low FSE. Results suggest that FSE is an important predictor of financial satisfaction amidst market volatility and should be considered when establishing an appropriate asset allocation for client portfolios. VL - 20 UR - https://www.tandfonline.com/doi/full/10.1080/15427560.2018.1434655https://www.tandfonline.com/doi/pdf/10.1080/15427560.2018.1434655 IS - 1 JO - Journal of Behavioral Finance ER -