Journal ArticleReview of Economics of the Household · September 1, 2022
This paper analyzes the role of mental health in self-employment decisions. We find evidence of a relationship between psychological distress and self-employment for men that depends on type of self-employment and severity of psychological distress. Specif ...
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Journal ArticleAEA Papers and Proceedings · May 1, 2022
Recent estimates indicate approximately 8.4 million US households are unbanked with an additional 24.2 million US households classified as underbanked. We focus on intersectionality, specifically the intersection of race and gender, to better unde ...
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Journal ArticleFinancial Planning Review · June 1, 2020
We provide an informed discussion about challenges, opportunities and the future of research and practice in the field of financial planning over the next 10 years. As editors of Financial Planning Review, using a mix-methods approach and a survey of subje ...
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Journal ArticleFinancial Planning Review · March 1, 2019
Millennials, or those born between 1980 and 1998, face unique financial situations relative to the general population. With increasing levels of educational loans and debt, many choose to live with their parents as a means of financial support, thus result ...
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Journal ArticleHealth economics · February 2018
The questionable ability of the U.S. pension system to provide for the growing elderly population combined with the rising number of people affected by depression and other mental health issues magnifies the need to understand how these household character ...
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Journal ArticleAmerican Economic Review · May 1, 2017
We analyze how children with mental disabilities influence parental portfolio allocation. We find that risky asset holding decreases among households with special needs children. However, conditional on participating in financial markets, household ...
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Journal ArticleDevelopment Policy Review · November 2015
Microcredit demand is frequently assumed to be inelastic, yet understanding the price elasticity of demand for microcredit is highly relevant in designing appropriate microfinance institution (MFI
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Journal ArticleAmerican Economic Review · May 1, 2015
This paper finds households with children and elderly dependents, the “Sandwich Generation,” significantly reduce both college savings and stockholding. Having any elderly dependents decreases the probability of both stockholding and college savin ...
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Journal ArticleContemporary Economic Policy · October 2014
This paper analyzes the 529 College Savings Plan market using a plan level panel data set covering the years 2002–2006. The results show evidence of limited market competition and a positive relationship between state tax benefits and ...
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Chapter · 2014
This is due in large part to the fact that most traditional finance models are based on the assumptions that financial markets operate without frictions and that all people make perfectly rational decisions. ...
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Journal ArticleContemporary Economic Policy · July 2013
Traditional economic theories assume that individuals are endowed with certain risk preferences that are unaltered by experiences. However, recent evidence indicates that macroeconomic shocks do have an effect on an individual's willin ...
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Journal ArticleInternational Journal of Finance & Economics · March 2013
ABSTRACTPrevious literature concerning immigrant financial market participation has typically treated the immigrant population as a homogeneous collective. However, the immigrant population in the United States is incredibl ...
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Journal ArticleThe Journal of Risk Finance · November 2, 2012
PurposeFirms facing significant income volatility can often suffer from downside risk such that return on assets is insufficient to meet fixed financial obligations. The purpose of ...
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Chapter · August 26, 2011
... securitization deals involving microloan receivables is small but increasing.17 However, an essential element to securitization deals will be ... microfinance providers are in need The Securitization of Microloans 53 3.7.1 Credit Enhancement. ...
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Journal ArticleJournal of Financial and Quantitative Analysis · March 2008
AbstractTheory indicates that frictions (e. g., information and transaction costs) could account for the lower than expected stock market participation rates. This paper examines the hypothesis that there has been a fundame ...
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