Journal ArticleDOI
Review of Family Financial Decision Making: Suggestions for Future Research and Implications for Financial Education
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TLDR
In this paper, a review of the literature in intra-household financial decisions, spousal partners and financial decision making, family system, financial decision process, children, and financial decisions is presented.Abstract:
This article reviews the theories and literature in intrahousehold financial decisions, spousal partners and financial decision making, family system and financial decision process, children, and financial decisions. The article draws conclusions from the literature review and discusses directions for future research and educational programs. Most financial education and counseling takes place at the individual level, whereas financial decisions take place at household and intrahousehold levels. Family members, spouses/partners, children, and others play a key role in individuals’ financial decisions. The article proposes the key programmatic implications for financial professionals and educators that need to be integrated into financial education and counseling. Understanding the unique dynamics of family financial decision making would help create effective educational and counseling strategies for the whole families.read more
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Financial management, division of financial management power and financial literacy in the family context – evidence from relationship partner dyads
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References
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Book
The Three Worlds of Welfare Capitalism
TL;DR: In this paper, Esping-Andersen distinguishes three major types of welfare state, connecting these with variations in the historical development of different Western countries, and argues that current economic processes such as those moving toward a post-industrial order are shaped not by autonomous market forces but by the nature of states and state differences.
Journal ArticleDOI
The Economic Importance of Financial Literacy: Theory and Evidence
TL;DR: An assessment of a rapidly growing body of economic research on financial literacy and thoughts on what remains to be learned if researchers are to better inform theoretical and empirical models as well as public policy are offered.
Posted Content
A Theory of Social Interactions
TL;DR: In this paper, a general treatment of social interactions into the modern theory of consumer demand is presented, where various characteristics of different persons are assumed to affect the utility functions of some persons, and the behavioral implications are systematically explored.
Journal ArticleDOI
Consumer Socialization of Children: A Retrospective Look at Twenty-Five Years of Research
TL;DR: In this article, a conceptual framework for understanding consumer socialization as a series of stages is presented, with transitions between stages occurring as children grow older and mature in cognitive and social terms.
Journal ArticleDOI
''Bargaining'' and Gender Relations: Within and Beyond the Household
TL;DR: This paper studied the relationship between social norms and social perceptions in intra-household gender dynamics, and found that women are less motivated than men by self-interest and might this affect bargaining outcomes.
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