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

PSC In The News

RSS Feed icon

Xu et al find lower cognition at midlife for adults born during China's 1959-61 famine

UM's Wolfers on separating deep expertise from partisanship in analyses of economic condtions

Findings by Burgard, Kalousova, and Seefeldt on the mental health impact of job insecurity

More News

Highlights

Apply by Jan 8 for NIA-supported PSC post-doc fellowship, to begin Sept 1, 2018

On Giving Blue Day, help support the next generation through the PSC Alumni Grad Student Support Fund or ISR's Next Gen Fund

Bailey et al. find higher income among children whose parents had access to federal family planning programs in the 1960s and 70s

U-M's campus climate survey results discussed in CHE story

More Highlights

Next Brown Bag

Mon, Jan 22, 2018, noon: Narayan Sastry

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