Home > Publications . Search All . Browse All . Country . Browse PSC Pubs . PSC Report Series

PSC In The News

RSS Feed icon

Indian lab cofounded by Adhvaryu demonstrates links among women's skills training, employment, welfare, and company profits

Bleakley says state educational initiatives favoring skills-oriented career training may have more ROI for employers than workers

Bailey's study linking Pill access to women's wage gains bolsters NYT critique of federal anti-contraception moves

More News


PDHP invites applications for Faculty Small Grants in support of population science

ISR seeking applicants for new Community Guides program

PRB policy communication training for pre-docs extends application deadline to March 12

Needham, Hicken, Mitchell and colleagues link maternal social disadvantage and newborn telomere length

More Highlights

Next Brown Bag

Mon, April 2, 2018, noon: Sean Reardon on Educational Inequality

Financial Decision Making and Cognition in a Family Context

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)

Country of focus: United States of America.

Browse | Search : All Pubs | Next