Search Results
Author: Grable, John E.
Resulting in 2 citations.
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Carr, Nicholas A. Sages, Ronald Alan Fernatt, Frederick R. Nabeshima, George G. Grable, John E. |
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Health Information Search and Retirement Planning Journal of Financial Counseling and Planning 26,1 (2015): 3-16. Also: http://afcpe.org/journal-articles.php?volume=395&article=505 Cohort(s): NLSY79 Publisher: Association for Financial Counseling and Planning Education (U.S.) (AFCPE) Keyword(s): Financial Behaviors/Decisions; Nutritional Status/Nutrition/Consumption Behaviors; Physical Activity (see also Exercise); Retirement/Retirement Planning Permission to reprint the abstract has not been received from the publisher. Prior research has found a relationship between the health habits of individuals and their financial well-being. Little research has been conducted, however, to explore the nature of the health-wealth connection. The purpose of this study was to explore and test the association of physical health behaviors, namely exercise and diet, and health information search behaviors, and financial wellness. Using data from the 2008 wave of National Longitudinal Survey of Youth (NLSY79), retirement planning activities were used as a proxy for financial wellness, and self-determination theory as a framework for the analysis, this study found that individuals who engage in health information search behaviors, such as reading the contents and nutrition details of food labels, are more likely to engage in financial planning activities. |
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Bibliography Citation
Carr, Nicholas A., Ronald Alan Sages, Frederick R. Fernatt, George G. Nabeshima and John E. Grable. "Health Information Search and Retirement Planning." Journal of Financial Counseling and Planning 26,1 (2015): 3-16.
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| 2. |
Rabbani, Abed G. Yao, Zheying Wang, Christina Grable, John E. |
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Financial Risk Tolerance, Sensation Seeking, and Locus of Control Among Pre-Retiree Baby Boomers Journal of Financial Counseling and Planning published online (2020): DOI: 10.1891/JFCP-18-00072. Also: https://connect.springerpub.com/content/sgrjfcp/early/2020/12/22/jfcp-18-00072 Cohort(s): NLSY79 Publisher: Association for Financial Counseling and Planning Education (U.S.) (AFCPE) Keyword(s): Financial Behaviors/Decisions; Locus of Control (see Rotter Scale); Modeling, OLS; Personality/Big Five Factor Model or Traits; Risk-Taking Permission to reprint the abstract has not been received from the publisher. Financial risk tolerance is an important personal characteristic that is widely used by financial professionals to guide the development and presentation of client-centered recommendations. As more baby boomers enter retirement, research on how these individuals perceive their willingness to take financial risks has gained importance, particularly as the focus of investment portfolios changes from capital accumulation to capital preservation in retirement. This study examined the role of sensation seeking and locus of control on financial risk tolerance for a pre-retiree baby boomer sample using the 2014 wave of the National Longitudinal Survey of Youth 1979. Findings from three ordinary least square (OLS) regression models showed that baby boomers who were not sensation seekers, and those who displayed an external locus of control orientation were more likely to exhibit a low tolerance for financial risk. Furthermore, those who engaged in sensation-seeking behavior were more likely to have an internal locus of control orientation and a high tolerance for risk. |
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Bibliography Citation
Rabbani, Abed G., Zheying Yao, Christina Wang and John E. Grable. "Financial Risk Tolerance, Sensation Seeking, and Locus of Control Among Pre-Retiree Baby Boomers." Journal of Financial Counseling and Planning published online (2020): DOI: 10.1891/JFCP-18-00072.
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