Financial Decision Making and Cognition in a Family Context

A MiCDA Researcher Publication Abstract

Smith, James P., John J. McArdle, and Robert Willis. 2010. "Financial Decision Making and Cognition in a Family Context." Economic Journal, 120(548): F363-F380.

In this article, we study the association of cognitive traits and, in particular, numeracy of both spouses on financial outcomes of the family. We find 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 examine who makes these financial decisions in the family and why. Once again, cognitive traits such as numeracy are 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 (Full Text)

PMCID: PMC2992344. (Pub Med Central)

Browse | Search | Next

Note: If you are reading this, it may be that you are using rather old web browsing software that does not support modern international Web technology standards. For a better experience of this site and the web in general, please upgrade your web browser software today:
Firefox; Opera; Safari.