De Gruyter Handbook of Personal Finance

Published by De Gruyter 2022

De Gruyter Handbook of Personal Finance

Edited by: John E. Grable and Swarn Chatterjee

In the series De Gruyter Handbooks in Business, Economics and Finance

https://doi.org/10.1515/9783110727692

Overview
Contents

About this book

The De Gruyter Handbook of Personal Finance provides a robust review of the core topics comprising personal finance, including the primary models, approaches, and methodologies being used to study particular topics that comprise the field of personal finance today.

The contributors include many of the world’s leading personal finance researchers, financial service professionals, thought leaders, and leading contemporary figures conducting research in this area whose work has shaped—and continues to affect—the way that personal finance is conceptualized and practiced.

The first section of the handbook provides a broad introduction to the discipline of personal finance. The following two sections are organized around the core elements of personal finance research and practice: saving, investing, asset management, and financial security. The fourth section introduces future research, practice, and policy directions. The handbook concludes with a discussion on an educational and research agenda for the future.

This handbook will be a core reference work for researchers, financial service practitioners, educators, and policymakers and an excellent supplementary source of readings for those teaching undergraduate and graduate-level courses in personal finance, financial planning, consumer studies, and household finance.

Author information

John E. Grable, CFP®, teaches and conducts research in the Certified Financial Planner™ Board of Standards Inc. undergraduate and graduate programs at the University of Georgia where he holds an Athletic Association Endowed Professorship. Before entering the academic profession, he worked as a pension/benefits administrator and later as an investment advisor in an asset management firm. Dr. Grable served as the founding editor for Journal of Personal Finance and cofounding editor of Journal of Financial Therapy and Financial Planning Review. He is best known for his work in the areas of financial risk-tolerance assessment, behavioral financial planning, and psychophysiological economics. He has been the recipient of several research and publication awards and grants, and is active in promoting the link between research and financial planning practice where he has published more than 150 refereed papers and co-authored several financial planning textbooks, handbooks, and manuals.

Swarn Chatterjee is the Bluerock Professor of Planning at the University of Georgia. He has served as the graduate coordinator and interim department chair for the Department of Financial Planning, Housing and Consumer Economics at the University of Georgia. He currently serves as associate editor for the Journal of Financial Counseling and Planning and Financial Services Review. He also serves on the editorial review board of the Journal of Financial Planning. He has published more than 100 scholarly articles on topics spanning financial planning, household finance, financial decision making, behavioral finance, and financial econometrics. He has previously served as the president of the Academy of Financial Services. For the past decade, Professor Chatterjee has taught classes on Wealth Management, Behavioral Economics, and Personal Finance.

Supplementary Materials

Q&A

Topics

Frontmatter Publicly Available Download PDF	I
Contents Publicly Available Download PDF	V
List of Contributors Publicly Available Download PDF	IX
Preface Publicly Available Download PDF	XXI
Part I: Introduction to the Discipline of Personal Finance
1 Defining Personal Finance John E. Grable and Swarn Chatterjee Requires Authentication Unlicensed Licensed Download PDF	1
2 Personal Finance: A Policy and Institutional Perspective John E. Grable and Eun-Jin Kwak Requires Authentication Unlicensed Licensed Download PDF	17
3 Personal Finance: A Practice Perspective Robert Van Beek Requires Authentication Unlicensed Licensed Download PDF	35
4 Personal Finance: An International Perspective So-Hyun Joo Requires Authentication Unlicensed Licensed Download PDF	49
5 Theories of Personal Finance Sarah D. Asebedo Requires Authentication Unlicensed Licensed Download PDF	67
Part II: Saving, Investing, and Asset Management
6 Budgeting and Cash Flow Management Michael G. Thomas Requires Authentication Unlicensed Licensed Download PDF	87
7 Patterns of Asset Ownership Gianni Nicolini Requires Authentication Unlicensed Licensed Download PDF	101
8 Approaches to Saving Inga Timmerman Requires Authentication Unlicensed Licensed Download PDF	119
9 Financial Risk Tolerance Abed G. Rabbani and Liana H.N. Nobre Requires Authentication Unlicensed Licensed Download PDF	137
10 Accounting for Time When Saving and Investing John E. Grable Requires Authentication Unlicensed Licensed Download PDF	157
11 Household Financial Ratios Nathan Harness and Leobardo Diosdado Requires Authentication Unlicensed Licensed Download PDF	171
12 Income, Income Transfers, and Taxes Kenneth J. White and Efthymia Antonoudi Requires Authentication Unlicensed Licensed Download PDF	189
13 The Use of Credit in the Consumer Marketplace Cliff A. Robb Requires Authentication Unlicensed Licensed Download PDF	205
14 Debt and Mortgage Choices Martin C. Seay and Derek J. Sensenig Requires Authentication Unlicensed Licensed Download PDF	219
15 Considerations when Planning for Retirement Sherman D. Hanna, Kyoung Tae Kim and Sunwoo T. Lee Requires Authentication Unlicensed Licensed Download PDF	235
16 Generating Income in Retirement Using Systematic Withdrawal Strategies with Investments Wade D. Pfau Requires Authentication Unlicensed Licensed Download PDF	255
17 Small Business Ownership: Impact of the Lack of Transparency and Separation on Small Business Finances George W. Haynes and Deborah C. Haynes Requires Authentication Unlicensed Licensed Download PDF	269
18 Applying Investing Theory to Practice Jonquil Lowe Requires Authentication Unlicensed Licensed Download PDF	287
Part III: Financial Security
19 The Role of Insurance as a Household Financial Management Tool John E. Grable and Michelle Kruger Requires Authentication Unlicensed Licensed Download PDF	307
20 Health and Financial Well-Being Suzanne Bartholomae and Jonathan J. Fox Requires Authentication Unlicensed Licensed Download PDF	329
21 Household Debt Behavior Vicki L. Bogan Requires Authentication Unlicensed Licensed Download PDF	347
22 Financial Security: Protecting the Health of Consumers Shinae L. Choi Requires Authentication Unlicensed Licensed Download PDF	365
23 Accounting for Retirement Asset Distributions during the Decumulation Stage of Life Chia-Li Chien Requires Authentication Unlicensed Licensed Download PDF	383
24 The Evolution of Financial Services in the Digital Age Angela C. Lyons and Josephine Kass-Hanna Requires Authentication Unlicensed Licensed Download PDF	405
Part IV: Future Directions
25 Behavioral Economics and Financial Decision Making Angela C. Lyons and Josephine Kass-Hanna Requires Authentication Unlicensed Licensed Download PDF	433
26 The Role of Socialization in Shaping Personal Finance Attitudes and Behaviors Jinhee Kim and Isha Chawla Requires Authentication Unlicensed Licensed Download PDF	451
27 Measuring and Applying Financial Literacy Dee Warmath Requires Authentication Unlicensed Licensed Download PDF	473
28 Money Psychology: Beliefs and Behaviors about Investing, Saving, and Spending Adrian Furnham and Simmy Grover Requires Authentication Unlicensed Licensed Download PDF	491
29 Financial and Relationship Satisfaction Kristy L. Archuleta Requires Authentication Unlicensed Licensed Download PDF	509
30 The Growing Role of FinTech and Robo-advisors Michelle Cull Requires Authentication Unlicensed Licensed Download PDF	529
31 The Use of Financial Advice: Consumers’ Financial Advice-Seeking Lu Fan Requires Authentication Unlicensed Licensed Download PDF	551
32 The Future of Payments: Cash, Cryptocurrencies, and Peer-to-Peer Payments Claire Matthews Requires Authentication Unlicensed Licensed Download PDF	569
Part V: Summarization
33 Personal Finance Research: An Editor’s Perspective Jing Jian Xiao Requires Authentication Unlicensed Licensed Download PDF	585
34 The Future of Personal Finance: An Educational and Research Agenda Swarn Chatterjee and John E. Grable Requires Authentication Unlicensed Licensed Download PDF	599
List of Figures Requires Authentication Unlicensed Licensed Download PDF	613
List of Tables Requires Authentication Unlicensed Licensed Download PDF	615
About the Editors Requires Authentication Unlicensed Licensed Download PDF	617
Index Requires Authentication Unlicensed Licensed Download PDF	619

(Deutsch)

Language: English
Publisher: De Gruyter
Audience: Academic researchers, postgraduate students and professionals interested in Personal Finance.
Pages
- Front matter: 23
- Main content: 629
Illustrations
- Illustrations: 16
- Coloured Illustrations: 24
- Tables: 37
Keywords: Saving; Investing; Asset Management; Household; Retirement planning; Financial protection

eBook

Published: March 7, 2022
ISBN: 9783110727692

Hardcover

Published: March 21, 2022
ISBN: 9783110727494