Older Adults’ Receipt of Financial Help: Does Personality Matter?

This study examined the role of personality traits in the receipt of financial help at older ages using the 2006 and 2008 waves of Health and Retirement Study data. An investigation of (1) how the five domains of personality traits (openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism) are associated with the receipt of financial help among older adults and (2) the relationship between personality traits and the source of financial help received was examined. Three sets of probit analyses were conducted. The results indicated that personality can predict financial help and the source of financial help. Specifically, older adults who exhibited relatively higher levels of neuroticism and agreeableness were more likely to receive financial help, whereas those who exhibited relatively higher levels of conscientiousness were less likely to receive financial help regardless of the source. Furthermore, older adults who had relatively higher levels of neuroticism were more likely to help themselves with individual sources such as credit cards whereas agreeable older adults were more likely to receive financial help from family members. These findings have implications for financial counseling, planning and education professionals, public assistance program directors, and policy makers. Understanding the effect of personality on financial decision-making can help with financial planning throughout life and inform outreach efforts for those in need of financial help.     

Does Campaign Spending Really Matter?

It has long been considered axiomatic that public receptivenesstoward products, ideas, and candidates can be altered by promotionalcampaigns. Consumers are often the sponsors as well as the targetsof such campaigns in the political realm. This study identifiesthe factors which lead consumers to support political campaignsand estimates the degree to which their preferences can be influencedby campaign spending. The potential effects of proposed spendingregulations are also analyzed     

The Geographic Context of Divorce: Do Neighborhoods Matter?

Neighborhood effects on family formation processes have recently received considerable attention, but no study has yet examined the impact of neighborhood socioeconomic status on marital dissolution. This analysis merges data from 3,523 respondents to the Panel Study of Income Dynamics with census data describing the socioeconomic composition of local communities. Although a multiitem index of neighborhood socioeconomic disadvantage is positively and significantly related to the risk of divorce, this association can be explained entirely by the low incomes of husbands in distressed neighborhoods. Thus, there appears to be no direct causal influence of neighborhood socioeconomic status on marital instability. To the extent that neighborhood socioeconomic disadvantage increases the prevalence of single‐parent families, it apparently does so by increasing rates of out‐of‐wedlock childbearing rather than by disrupting existing marriages among couples with children.     

The “American Dream” in Poor Urban Neighborhoods: An Analysis of Home Ownership Attitudes and Behavior and Financial Saving Behavior

Abstract

The desire for home ownership and saving to accumulate wealth are two hallmarks of the “American Dream” that are typically associated with middle class values. Much urban research has suggested that continual exposure to neighborhood poverty has produced attitudes and behavior that differ dramatically from these values. In this study, we examined whether residents in poor urban areas embraced these tenets of the American Dream. Based on the Urban Poverty and Family Life Survey of Chicago, logistic and multivariate analyses were used to assess the relationship of neighborhood poverty, race/ethnicity, household economics, and social variables to attitudes and behavior about home ownership and saving. The effects of “ghetto poverty” and neighborhood poverty “tipping points” were evaluated. Findings showed varying effects of race / ethnicity, neighborhood poverty, and social indicators depending on whether attitudes or behavior were under consideration. We also found that household economic status consistently was better in explaining participation in these tenets of the American Dream than variables that directly measure neighborhood poverty.     

Teen Childbearing and Depression: Do Pregnancy Attitudes Matter?

The relationship between teen childbearing and depression has been extensively studied; however, little is known about how young women's own attitudes toward becoming pregnant shape this association. This study used data from the National Longitudinal Study of Adolescent Health to investigate whether the relationship between teen childbearing and adult depression is moderated by adolescent attitudes toward becoming pregnant. The results showed that although, on average, women who had first births between ages 16 and 19 experienced no more depressive symptoms in adulthood than women who had first births at age 20 or older, the relationship between teen childbearing and adult depression varied significantly based on adolescent pregnancy attitudes. When they had negative adolescent attitudes toward getting pregnant, teen mothers had similar levels of depression as adult mothers, but when they had positive adolescent pregnancy attitudes, teen mothers actually had fewer depressive symptoms than women with adult first births.     

Reliability and Validity of the IPAQ-L in a Sample of Hong Kong Urban Older Adults: Does Neighborhood of Residence Matter?

This study examined reliability and validity of the Chinese version of the International Physical Activity Questionnaire-Long Form (IPAQ-LC) in Chinese seniors, including moderating effects of neighborhood walkability and socioeconomic status (SES) on reliability and validity. The IPAQ-LC was interviewer-administered (n = 96), accelerometer and 7-day walk-diary data were collected (n = 94), and the IPAC-LC was readministered (N = 92). Acceptable reliability was found for all measures of physical activity (PA) overall and across different types of neighborhood. Participants from highly walkable neighborhoods were more reliable at estimating walking for transport. Participants from low-SES areas were less reliable at estimating leisure-time PA and sitting but more reliable at estimating transport-related walking. IPAQ-LC walking was significantly related to light- but not moderate-intensity accelerometry-based PA. It was moderately to strongly related to a 7-day diary of walking. The data imply slow-paced walking, probably due to age, climate, and terrain. The findings suggest that the IPAQ-LC's reliability and validity are acceptable in Chinese seniors.     

Exploring the Link Between Caregiver Affect and Adolescent Sexual Behavior: Does Neighborhood Disadvantage Matter?

In a sample of urban youth (N = 1,070), we examined the links between primary caregiver affect (i.e., warmth and hostility) and two measures of sexual behavior in adolescence - early sexual initiation and sex with multiple partners. We also examined the extent to which neighborhood disadvantage moderated associations between caregiver affect and adolescent sexual behavior. We found that caregiver hostility was positively associated with early sex and sex with multiple partners in neighborhoods characterized by high levels of disadvantage, but inversely associated with both sex outcomes in neighborhoods characterized by low levels of disadvantage. Caregiver warmth, on the other hand, was inversely associated with early sexual initiation and sex with multiple partners in all neighborhoods regardless of neighborhood disadvantage.     

The Relationship Between Perceived Hookup Attitudes and Negative Hookup Consequences: Do Perceived Attitudes of Close Friends Matter?

Research suggests that the perceived hookup attitudes of close referents are generally a poor predictor of hookup behavior and likely a poor direct predictor of negative hookup consequences. The current study aimed to examine three intervening variables as mediators of the relationship between the perceived hookup attitudes of college students’ close friends and negative hookup consequences (e.g., regret, embarrassment). Self-report data were collected from 589 heavy-drinking college students from three midsized universities. The results indicated that students’ own attitudes toward hooking up, motivation to hook up, and self-reported number of hookup partners significantly mediated the relationship between the perceived hookup attitudes of close friends and negative hookup consequences. The perceived hookup attitudes of close friends were positively associated with participants’ attitudes toward hooking up. Participants’ attitudes toward hooking up were positively associated with social-sexual motivation to hook up. Elevated social-sexual motivation to hook up was positively associated with hooking up with multiple partners, with hooking up with multiple partners positively associated with negative hookup consequences. A better understanding of the predictors and mediators of negative hookup consequences has the potential to inform prevention and intervention efforts.     

Does Who Decides Really Matter? Causes and Consequences of Personal Financial Management in the Case of Larger and Structural Charitable Donations

We study causes and consequences of financial management in households in the specific case of charitable giving. We test hypotheses using couples in the Giving in the Netherlands Panel Study (n = 1,101). We find that more relationship specific investments lead to deciding on charitable giving as one economic actor. Furthermore, we find that the partner with the highest relative educational resources has most decision making power over charitable donations. Separately deciding couples are smallest charitable donors. Households in which the male partner decides are largest charitable donors when only larger and more structural donations are considered. This can be explained by their more conservative religious denomination.     

Ethno-Linguistic Exogamy and Divorce: Does Marital Duration Matter?

This research examines whether the exogamy effect on the divorce risk varies over marital duration. Registry data from 1970 to 2003 allow us to observe couples in exogamous and endogamous ethno-linguistic marriages (Finnish speakers and Swedish speakers in Finland). We find that an elevated divorce risk of exogamous couples, which has been observed in numerous studies, is not typical of recently initiated marriages only, because it does not attenuate over marital duration. Marital problems that lead to divorce seem to be more common among exogamous couples than among endogamous couples. We argue that these patterns are likely due to group-specific differences in attitudes toward marriage. The argument is supported by a persistent difference in the divorce risk across endogamous Finnish- and Swedish-speaking marriages, and by the variation in divorce risk by ethno-linguistic composition of the couples in a regional context where minority group behaviors are more likely absorbed into majority group behaviors.     

Financial Risk Attitude and Behavior: Do Planners Help Increase Consistency?

This study is the first to evaluate the effect of sources of information on households’ consistency between their risk attitude when making savings and investment decisions and risk behavior displayed when they do save and invest. As the responsibility is being shifted to individuals to save for their own financial future, it is important that individuals and households save and invest in a manner that is consistent with their financial risk tolerance. Financial planners were found to provide significant value to households on the consistency of their financial risk attitude and behavior. The implications of this work are far-reaching in the financial planning arena.     

Neighborhood Scale and Collective Efficacy: Does Size Matter?

The theory of collective efficacy emphasizes the role of the neighborhood as a unit of social control that can deter crime. The neighborhood unit is most often defined as a census tract or a similar administratively defined measure. These neighborhood definitions are not always sociologically meaningful. That is, administratively defined geographical areas do not necessarily align with residents' perceptions of their neighborhood's boundaries, which incorporate the familiarity with an area and interactions with other residents. Officially defined neighborhoods often present an inaccurate representation of collective efficacy, as these areas are not likely to function as a cohesive social unit. An alternative measure of “bespoke” neighborhoods is presented in geographical research. The bespoke neighborhood identifies a neighborhood area as the distance from a specific point or the number of people situated nearest to a specific location. This concept takes into consideration each resident's unique definition of the neighborhood. In addition, the bespoke neighborhood can be assessed on different scales to identify the most appropriate neighborhood size, where patterns of behavior are most meaningful. Bespoke neighborhoods can be used to identify sociologically meaningful neighborhoods that can inform the theory of collective efficacy.     

Does the Representation of Household Behavior Matter for Welfare Analysis of Tax-benefit Policies? An Introduction

A widely shared intuition holds that individual control over money matters for the decision process within the household and the subsequent distribution of resources and welfare. As a consequence, there are good reasons to depart from the unitary model of the household and to explore the possibilities offered by models of the family accounting for several decision makers in the household and for the potential impact of tax reforms on the balance of power. This paper summarizes both the methodological and empirical findings presented in the next three papers of this special issue of the Review of the Economics of the Household. This series of contributions primarily entails a concrete comparison of the policy implications of the choice between the unitary and a particular multi-person representation: the collective representation. On the one hand, it suggests a methodology to implement the collective model of labor supply in a realistic context where participation is modeled together with working hours, and where the full tax-benefit system is accounted for. On the other hand, the empirical part relies on comprehensive simulations of tax reforms in Belgium, France, Germany, Italy, Spain, and the United Kingdom, and allows to quantify the distortions that may affect policy recommendations based on the unitary model.

Changing College Students’ Financial Knowledge, Attitudes, and Behavior through Seminar Participation

This pilot study examined the influence of Credit Wise Cats, a financial education seminar presented by Students in Free Enterprise, on the attitudes, knowledge, and intentions toward financial responsibility of college students (N = 93). Findings suggest that the seminar effectively increased students’ financial knowledge, increased responsible attitudes toward credit and decreased avoidant attitudes towards credit from pre-test to post-test. At post-test, students reported intending to engage in significantly more effective financial behaviors and fewer risky financial behaviors. Finally, demographic factors (e.g., gender and employment status) predicted students’ financial knowledge, attitudes, and behaviors. These results suggest that a seminar format may be useful in reaching a wider audience of college students and, thus, warrants future longitudinal evaluation.

Health Insurance and Risk of Divorce: Does Having Your Own Insurance Matter?

Most American adults under 65 obtain health insurance through their employers or their spouses' employers. The absence of a universal health care system in the United States puts Americans at considerable risk for losing their coverage when transitioning out of jobs or marriages. Scholars have found evidence of reduced job mobility among individuals who are dependent on their employers for health care coverage. In this study, the author found similar relationships between insurance and divorce. She applied the hazard model to married individuals in the longitudinal Survey of Income Program Participation (N = 17,388) and found lower divorce rates among people who were insured through their partners' plans without alternative sources of their own. Furthermore, she found gender differences in the relationship between health care coverage and divorce rates: Insurance‐dependent women had lower rates of divorce than men in similar situations. These findings draw attention to the importance of considering family processes when debating and evaluating health policies.     

Growth versus Distribution: Does the Pattern of Growth Matter?

Despite the fashion for pro‐poor growth, there remains no consensus as to its meaning. This article proposes three possible definitions, and examines the pattern of growth over time and in different world regions. The growth of the poor's income can be broken down into a growth effect and a distribution effect. In 143 growth episodes, it is found that the growth effect dominates. However, in over a quarter of cases changes in distribution played a stronger role than overall growth in increasing income for the poor. Econometric analysis of growth regressions for each population quintile supports the idea that openness benefits everyone, but indicates a robust perverse relationship with governance. There is also evidence of a trade‐off between growth and distribution, suggesting that attention to distribution will be better for the poor than going for growth.     

Childhood Overweight: Does Quality of Parental Childcare Time Matter?

This study investigates the impact of parental primary childcare time (quality time) and parental secondary childcare time (multi-tasking time) on children’s overweight probability using data collected from each parent and one child aged 9–16 from 311 families in Houston MSA, US. We find that the primary childcare time is not marginally more important than the secondary childcare time and paternal childcare time is especially important for young children (age 9–11). Furthermore, if parents of overweight children adopt the time inputs of parents of healthy weight children, the predicted overweight probability decreases by ~15% on average, ceteris paribus. If either one of the parents is completely uninvolved, the overweight probability increases by ~21% on average, ceteris paribus.     

Formal Volunteering among Vulnerable Older Adults from an Environmental Perspective: Does Senior Housing Matter?

Based on the premise that environmental support is an important facilitator for engagement in formal volunteering among vulnerable subgroups of older adults, we focus on older low-income individuals who live alone. Drawing on the environmental docility hypothesis, we examine the role living in senior housing has on the likelihood of volunteering. Data came from the 2012 wave of the Health Retirement Study (N = 1415). Kernel weights derived from propensity scores were used to account for observed sociodemographic and health characteristics associated with both senior housing living and the outcome. Logistic regression models showed that living in senior housing positively affected engagement in formal volunteering after adjusting for personal and environmental factors. As a modifiable target of intervention for successful and healthy aging, our findings provide important background knowledge for the development and implementation of housing-specific volunteer programs for vulnerable elders.