47 research outputs found

    The impact of wife\u27s employment on the acquisition of home ownership and the accumulation of home equity

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    The data for this study come from a longitudinal survey, the Panel Study of Income Dynamics. The subsample used in this study includes husband-wife families that remained intact and had the same household head from 1979 to 1983. Four models are tested. If the wife\u27s average hourly earnings are high, there is a high probability that the family will own a house, have high home equity levels, and have a large increase in home equity levels between 1979 and 1983. The family\u27s stage of the life cycle is a strong indicator of whether a family changes from nonowner to owner status;Whites have higher equity levels than nonwhites. The Western region of the country has higher levels of equity and the North Central region has lower levels of equity than the Northeastern region. There is a significant difference in equity levels and in the change in equity between cities of 500,000 or more compared to those with populations of less than 500,000. As families acquire more income, they invest more of it into their home. When the wife is relatively old and has a high level of education, the probability is high that the family will have high levels of home equity

    Money Management Knowledge of College Students

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    This study describes the money management knowledge of college students and identifies the characteristics of students associated with the differences in that knowledge level

    Financial Influences Impacting Young Adults’ Relationship Satisfaction: Personal Management Quality, Perceived Partner Behavior, and Perceived Financial Mutuality

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    In this study, we investigated the extent to which young adults’ (n=274) personal financial management quality and perceived partners’ financial behavior were associated – both directly and indirectly via perceived financial mutuality – with relationship satisfaction in committed relationships. The study was grounded in Social Exchange Theory (SET). A path analysis revealed that perceived partner’s financial behavior had a direct association with perceived financial mutuality, which, in turn, had a direct association with relationship satisfaction. In contrast, the participant’s financial management quality and relationship satisfaction were not directly associated nor was they indirectly associated through perceived financial mutuality. Perceived financial mutuality had the largest effect on relationship satisfaction. These findings indicate that perceived financial mutuality plays a key role both directly and as a mediator on relationship satisfaction for these young adults. The implications of the findings provide insights for designing preventive financial strategies early in romantic relationships

    Separating Your Finances - Divorce Matters

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    Divorce means more than physically separating a family. It also means separating a family financially

    ROLE DEMANDS, DIFFICULTY IN MANAGING WORK-FAMILY CONFLICT, AND MINORITY ENTREPRENEURS

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    By exploring difficulty in managing work-family conflict for minority entrepreneurs, this study considers work-family issues for business persons who have received little attention in the literature, yet form new businesses at rates exceeding the national average. We employ a role theory perspective to examine two major research questions using a nationally representative sample of African-American, Mexican-American, Korean-American, and White business owners. Specifically, we ask: do minority business owners experience greater difficulty in managing conflicts between work and family roles when compared to White entrepreneurs? And does difficulty in managing work-family conflict negatively impact business performance? Empirical results show that Korean-American and Mexican-American entrepreneurs have greater role demands, and subsequently, higher levels of difficulty in managing work-family conflict than African-Americans and Whites. Furthermore, difficulty in managing work-family conflict negatively impacts business performance whether performance is measured through the perception of the business owner, or through more objective financial measures. We contribute to the literature on minority entrepreneurs as well as expand the work-family conflict literature by shifting the focus from employed individuals to entrepreneurs, and by emphasizing the effect of such conflict on performance rather than well-being.Work-family conflict, minority entrepreneurs, role theory
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