The Impact of Family Relationships and Financial Education on Financial Risk Tolerance
Posted on:
01/22/13This study explores how family relationships and financial education impact financial risk tolerance using a sample of college freshmen and their parents. No significant relationship is found between the financial risk tolerance of parents and their children. However, husbands are significantly more risk tolerant than their wives. There is also a strong correlation between the risk tolerance of the spouses, after controlling for gender, income, and education. In addition, college students who had some financial education in high school are found to be more risk tolerant, especially when they played a stock market game as part of a course.
Researchers
Most Recent Research Postings
Financial Literacy and Subprime Mortgage Delinquency: Evidence from a Survey Matched to Administrative Data
Financial Literacy and Family and Consumer Sciences
Measuring Financial Literacy
Which Matters in Student Loan Default: A Review of the Research Literature
Which Student are More Likely to Experience Financial Socialization Opportunities?
The Student Loan Scandal
The Student Debt Dilemma: Debt Aversion as a Barrier to College Access
The Effect of Loans on Time on Time to Doctorate Degree: Differences by Race/Ethnicity, Field of Study, and Institutional Characteristics
Become a Member
Join financialcorps today to get access to exclusive content, networking community, and inside information to the world of financial literacy.