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Effects of selected family characteristics on interrelated components of household asset portfoliosXiao, Jing-jian 23 July 1991 (has links)
The effects of selected family characteristics on
interrelated components of household asset portfolios over a
three-year time period were investigated. Specifically, this
study attempted to conceptually define mental accounts, to
identify own-adjustment and cross-adjustment characteristics
of these mental accounts, to explore influences of selected
family characteristics on these mental accounts, and to
examine substantial effects of income on family portfolio
behavior.
Based on the behavioral life-cycle hypothesis, consumer
demand theory, household production theory, and the stock
adjustment hypothesis, a family portfolio behavior model was
formulated for studying family saving behavior as reflected in
household asset portfolios. A tobit model was utilized to
estimate own- and cross-adjustment coefficients of the
portfolio components, and short-term and equilibrium effects
of family characteristics. The data were from the Survey of
Consumer Finances conducted in 1983 and 1986.
Findings strongly support the mental account hierarchy
hypothesis which was reflected in the own- and cross-adjustment
coefficients estimated. In addition, family income
and education of the household head showed positive influences
on various mental accounts. Age of the household head,
employment status, family life cycle stage, house mortgage,
home value, other assets, and other debts showed effects on
some mental accounts. Income had a substantial influence on
family portfolio behavior. The behavior of middle-income
families was more consistent with the hypothesis of a mental
account hierarchy than the other income groups, which implies
diverse preferences for asset characteristics and varying
financial needs of families at different income levels.
This study has contributed to the body of knowledge of
family saving behavior and increased the understanding of
adaptivity and dynamics of family saving behavior. The
research findings could be utilized by family finance
educators and consultants, financial service marketers, and
public policy makers in working successfully with different
family types, marketing various financial instruments, and
designing effective savings policies. In addition, this study
has provided empirical evidence to assess existing theoretical
models and to inspire the building of new theories. / Graduation date: 1992
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Essays on female labor supply and fertility responses to marital dissolutionTsao, Tsu-Yu 28 August 2008 (has links)
Not available / text
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Three essays on the household: time, money, and future time and moneyPocock, Mark Lester 29 August 2008 (has links)
Not available / text
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Household wealth accumulation: impact of tenure choice and home equity loansThang, Doreen Chze-Lin 05 1900 (has links)
The existing literature on household wealth accumulation has hitherto recognized the lifecycle
effects, household socio-economic characteristics, bequest motives, and intergenerational
transfers as important factors affecting household net wealth. The two empirical essays in this
thesis expand the literature by emphasizing the likely roles that a household's tenure choice and
home equity borrowing decisions have in its wealth accumulation process.
The first essay, entitled "Homeownership and Household Wealth Accumulation", tests
whether homeownership has placed the owner household on a more favorable wealth
accumulation path, based on past observations that the values of owner-occupied housing have
grown at a real rate greater than those of financial or other tangible assets. The premise is that,
while the tenure choice decision is affected by a household's net wealth, the housing tenure
chosen could place a household on different wealth accumulation paths over its life-cycle.
Controlling for selection bias arising from tenure status, the results indicate that typical
homeowners and renters have distinct wealth accumulation processes. While homeownership
improves the wealth position of homeowners, the renter households are, however, better off in
their existing tenure than otherwise. It appears that households self-select themselves into the
appropriate tenure that optimizes their wealth accumulation paths.
The second essay on "Household Consumption/Investment Behavior and Home Equity
Loans" investigates which behavioral model underpins the homeowners' consumption and
investment decisions of home equity loan funds, and how these decisions impact portfolio
decisions and wealth accumulation. It concludes that the 'life-cycle model' and the 'precautionary
savings model' prevail over the 'bequest motive model' in motivating the household
consumption/investment decisions of home equity loans. Home equity loans alter the illiquid
nature of housing investment through convenient tapping of housing equity, and reduce
household preference to hold liquid assets to meet precautionary needs. Their presence
encourages loan users to hold smaller shares of liquid cash and financial assets in total assets,
and to diversify from housing asset to business, real estate and illiquid nonhousing assets. They
generally reduce homeowners' net wealth, reflecting a tendency for borrowed funds to be
consumed or invested in loss-incurring assets.
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Household wealth accumulation: impact of tenure choice and home equity loansThang, Doreen Chze-Lin 05 1900 (has links)
The existing literature on household wealth accumulation has hitherto recognized the lifecycle
effects, household socio-economic characteristics, bequest motives, and intergenerational
transfers as important factors affecting household net wealth. The two empirical essays in this
thesis expand the literature by emphasizing the likely roles that a household's tenure choice and
home equity borrowing decisions have in its wealth accumulation process.
The first essay, entitled "Homeownership and Household Wealth Accumulation", tests
whether homeownership has placed the owner household on a more favorable wealth
accumulation path, based on past observations that the values of owner-occupied housing have
grown at a real rate greater than those of financial or other tangible assets. The premise is that,
while the tenure choice decision is affected by a household's net wealth, the housing tenure
chosen could place a household on different wealth accumulation paths over its life-cycle.
Controlling for selection bias arising from tenure status, the results indicate that typical
homeowners and renters have distinct wealth accumulation processes. While homeownership
improves the wealth position of homeowners, the renter households are, however, better off in
their existing tenure than otherwise. It appears that households self-select themselves into the
appropriate tenure that optimizes their wealth accumulation paths.
The second essay on "Household Consumption/Investment Behavior and Home Equity
Loans" investigates which behavioral model underpins the homeowners' consumption and
investment decisions of home equity loan funds, and how these decisions impact portfolio
decisions and wealth accumulation. It concludes that the 'life-cycle model' and the 'precautionary
savings model' prevail over the 'bequest motive model' in motivating the household
consumption/investment decisions of home equity loans. Home equity loans alter the illiquid
nature of housing investment through convenient tapping of housing equity, and reduce
household preference to hold liquid assets to meet precautionary needs. Their presence
encourages loan users to hold smaller shares of liquid cash and financial assets in total assets,
and to diversify from housing asset to business, real estate and illiquid nonhousing assets. They
generally reduce homeowners' net wealth, reflecting a tendency for borrowed funds to be
consumed or invested in loss-incurring assets. / Business, Sauder School of / Graduate
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Household structure and economic outcomes: time use, employment, and educational attainmentGolla, Anne Marie 28 August 2008 (has links)
Not available / text
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The economics of family and group decisionsLee, Jungmin 28 August 2008 (has links)
Not available / text
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Response of family businesses to a natural disaster : a case study approachHammond, Clark H. 17 April 2003 (has links)
Throughout the world, weather-related and other natural phenomena claim
thousands of lives and devour billions of dollars annually in recovery efforts.
Destruction of life and property in the wake of disasters is devastating, and can
have a dramatic impact on families and businesses around the globe. Yet, published
works specifically in the field of Family Resource Management (FRM) reveal a
limited understanding of how families respond when these critical events strike
with little or no warning, particularly for business-owning families. This paper
explores family business responses to a particular natural disaster through case
study research from the FRM perspective. Essentially, its purpose is to ascertain
whether the FRM description of management is useful for family business systems
in the wake of a natural disaster. A review of the FRM and family business
literature is offered, followed by a broad description of qualitative methods and a
justification for the case study methodology for this project. In-depth information
about the successful management of a natural disaster was gathered through face-to-face and phone interviews with five leaders of family-owned businesses. The
interviews were transcribed and analyzed, followed by member checks and peer
reviews to strengthen the trustworthiness of the findings. Based on the experiences
of the five CEOs that participated in this study, it appears that the FRM
conceptualization of management generally captured their experience and can
perhaps be a useful tool in conceptualizing the preparation for, and recovery from,
critical events. It was also found, as anticipated, that access to tangible resources
(money, materials, equipment) and intangible resources (communication processes,
family unity, adaptability, relationships) was a key to successful management.
What was somewhat surprising, however, was the emphasis placed on the power of
relationships in the management process. A discussion on how this study relates to
previous work on family stress and coping models is offered, and implications for
researchers, practitioners, and government agencies that interface with families in
business are provided. / Graduation date: 2003
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The impact of rising women's salaries on marital and relationship satisfaction.Menninger, Sarah Wheeler 08 1900 (has links)
Using data from a national survey, this study examines income and other key variables (division of labor and work-family conflict) and their relationship to marital satisfaction. This study builds upon the body of research regarding working couples and women's increased participation in the paid labor force as well as evaluates the findings in the context of data gathered from the recent United States census. Results from this study also are compared to the findings of other key studies. Emergent data may be used to prepare counselors to work more effectively with couple clients and to assist employers in the development of work life policies for dual career and dual earner employees. Results from the multiple regression revealed no direct effects of income on marital satisfaction. For this sample, increases in work family conflict contributed to less marital satisfaction as did the presence of children. Increased participation in household chores by respondents' partners contributed to increased marital satisfaction. No differences were observed by gender. Limitations of the study, recommendations for further research, and implications for practitioners also are addressed.
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