Financial Satisfaction from an Intra-Household Perspective

Ahn, Namkee; Ateca-Amestoy, Victoria; Ugidos, Arantza

doi:10.1007/s10902-013-9466-3

Cited by 22 publications

(44 citation statements)

References 28 publications

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“…I included an indicator for birth cohorts (1938–1955 [reference], 1956–1965, 1966–1992) to test for changes in how an individual's own and his or her spouse's wealth is associated with subjective financial well‐being in more recent cohorts. I adjusted for other determinants of subjective financial well‐being described in prior literature (Ahn et al, ) in the multivariate analyses: age, immigration status, education, number of children in the household, years in current marriage, employed, total years in full‐time employment, total years in unemployment, individual labor income, residual household income (minus investment incomes and minus respondents' labor incomes), residence in East Germany, and period with survey wave dummy variables.…”

Section: Methodsmentioning

confidence: 99%

“…If, in contrast, individual wealth is more influential for subjective financial well‐being, this provides preliminary evidence that spouses are unlikely to fully pool their wealth. This approach is inspired by prior work on the individual‐level well‐being derived from own income, as compared to household income, in marriage (e.g., Ahn, Ateca‐Amestoy, & Ugidos, ).…”

Section: Introductionmentioning

confidence: 99%

“…One explanation for these findings is that men's dependence on their spouses' resources may be a greater violation of perceived gender norms, thereby reducing men's financial well‐being. For women, financial dependency may be less norm violating and, thus, less likely to reduce subjective financial well‐being (Ahn et al, ).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Individual Wealth and Subjective Financial Well‐being in Marriage: Resource Integration or Separation?

Lersch

2017

J of Marriage and Family

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Economic wealth is mostly assumed to be a household‐level resource that is pooled by spouses in married couples. Using comprehensive data on the individual wealth of both spouses in married couples from the German Socio‐Economic Panel Study (N = 13,623 individuals), the author tests this assumption. To this end, the associations between individuals' wealth and their spouses' wealth with individuals' subjective financial well‐being are examined. Results show that women's financial well‐being is equally associated with their own individual wealth and their spouses' wealth in older birth cohorts. In younger birth cohorts, women's financial well‐being is more strongly associated with their own individual wealth than with their spouses' wealth. For men from all birth cohorts, their own individual wealth is more strongly related to their financial well‐being than is their spouses' wealth. These findings suggest that wealth is not generally and fully pooled and that individual ownership matters within married couples in Germany.

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Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Individual Wealth and Subjective Financial Well‐being in Marriage: Resource Integration or Separation?

Lersch

2017

J of Marriage and Family

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“…Financial satisfaction is associated with life satisfaction (Michalos & Orlando, ; Xiao, Tang, & Shim, ). Previous research has examined several factors associated with financial satisfaction such as various income definitions (Hsieh, ), income sources (Ahn, Ateca‐Amestoy, & Ugidos, ), relative income (Vera‐Toscano, et al, ), income adequacy (Grable, Cupples, Fernatt, & Anderson, ), wealth (Hansen, Slagsvold, & Moum, ), worker sector types (Ferrer‐i‐Carbonell & Gërxhani, ), child rearing (Kageyama & Matsuura, ), and financial capability (Xiao, et al, ; Xiao & Porto, ). No previous research specifically examined the association between financial planning and financial satisfaction except for one study that used a sample of investment seminar participants in Malaysia (Ali et al, ).…”

Section: Previous Research and Hypothesesmentioning

confidence: 99%

Propensity to plan, financial capability, and financial satisfaction

Xiao

O’Neill

2018

Int J Consumer Studies

119

113

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Propensity to plan is an indicator of financial capability that contributes to consumer financial well‐being. Previous research has shown that propensity to plan is positively related to objective financial well‐being but little research was found to examine its association with subjective financial well‐being. Using financial satisfaction to measure subjective financial well‐being, this study addressed this research gap and had three objectives: (1) to explore factors associated with propensity to plan, (2) to examine the association between propensity to plan and financial capability factors, and (3) to examine the association between propensity to plan and financial satisfaction. Using data from the 2015 US National Financial Capability Study, the results showed socioeconomic differences in propensity to plan. The results suggest consumers with more economic resources had higher scores in propensity to plan. In addition, propensity to plan was positively associated with financial capability factors, suggesting financial planning is a desirable financial behavior. Finally, propensity to plan made unique contributions to financial satisfaction after controlling for socioeconomic and other financial capability factors.

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“…Though research has found that gender norms, such as the male breadwinner ideology, shape the perception and valuation of men's and women's contributions to the household income [15][16][17], the interaction between gender breadwinning norms and determinants of income sharing is, to the best of my knowledge, not analyzed yet. Thus, the main contribution of this paper is the examination of sharing in different household employment situations.…”

Section: Introductionmentioning

confidence: 99%

Income Sharing within Households: Evidence from Data on Financial Satisfaction

Elsas

2016

Social Sciences

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This paper contributes to the understanding of gender aspects in the intra-household sharing of income. I estimate models of differences in financial satisfaction between household partners using panel data from the German SocioEconomic Panel Study, which allows one to account for household-level fixed effects. The paper adds to the literature a further convincing rejection of the equal sharing hypothesis. What is more and novel, the results imply that unequal income sharing is asymmetric and triggered by the relative employment statuses of the partners: in male breadwinner households, the women's well-being is affected by the distribution factor; in double full-time couples, it is the man's well-being.

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Financial Satisfaction from an Intra-Household Perspective

Cited by 22 publications

References 28 publications

Individual Wealth and Subjective Financial Well‐being in Marriage: Resource Integration or Separation?

Individual Wealth and Subjective Financial Well‐being in Marriage: Resource Integration or Separation?

Propensity to plan, financial capability, and financial satisfaction

Income Sharing within Households: Evidence from Data on Financial Satisfaction

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