Article: Financial well-being, COVID-19, and the financial better-than-average-effect.
Journal of behavioral and experimental finance
2020 Volume 28, Page(s) 100410
Abstract: At the onset of the COVID-19 outbreak we conducted two surveys in the United Kingdom and Sweden (N ...
| Abstract | At the onset of the COVID-19 outbreak we conducted two surveys in the United Kingdom and Sweden (N=2021) regarding how people assess the near future economic situation within their household, nation, and the world. Together with psychological factors related to information processing we link these prospects to financial well-being. We find that, although generally very pessimistic, a substantial proportion of individuals believes that their households' economy will be doing substantially better than the national and global economy, suggesting a "financial better-than-average" effect. Furthermore, we find that the pessimism regarding future household economic situation and being financially ignorant are associated with decreased financial well-being, while the (inter)national economic situation is not. This study shows how contextual factors and personal aspects shape financial well-being during turbulent and stressful times. |
|---|---|
| Keywords | covid19 |
| Language | English |
| Publishing date | 2020-10-06 |
| Publishing country | Netherlands |
| Document type | Journal Article |
| ISSN | 2214-6350 |
| ISSN | 2214-6350 |
| DOI | 10.1016/j.jbef.2020.100410 |
| Database | MEDical Literature Analysis and Retrieval System OnLINE |
More links
Kategorien
Order via subito
This service is chargeable due to the Delivery terms set by subito. Orders including an article and supplementary material will be classified as separate orders. In these cases, fees will be demanded for each order.
Inter-library loan at ZB MED
Your chosen title can be delivered directly to ZB MED Cologne location if you are registered as a user at ZB MED Cologne.