کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
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5042449 | 1474601 | 2017 | 9 صفحه PDF | دانلود رایگان |
To improve our understanding of how people make financial decisions, it is important to investigate what psychological characteristics influence individuals' positive financial behavior and financial well-being. In this study, we explore the effect of individual differences in self-control and other non-cognitive factors on financial behavior and financial well-being. A survey containing measures of financial behavior, subjective financial well-being, self-control, optimism, deliberative thinking and demographic variables was sent to a representative sample (n=2063) of the Swedish population. Our findings extend the application of the behavioral lifecycle hypothesis beyond savings behavior, to include general financial behavior. People with good self-control are more likely to save money from every pay-check, have better general financial behavior, feel less anxious about financial matters, and feel more secure in their current and future financial situation.
Journal: Journal of Behavioral and Experimental Finance - Volume 14, June 2017, Pages 30-38