Search results for "henkilökohtainen talous"
showing 8 items of 8 documents
Cross-country variation in patience, persistent current account imbalances and the external wealth of nations
2022
This paper is the first to utilize large-scale international surveys on economic preferences to examine the long-run relationships between patience, current accounts and external wealth. We find robust empirical evidence that countries with more patient individuals tend to run persistent current account surpluses, which in turn result in the accumulation of foreign assets. This theoretically plausible but empirically unexplored relationship holds true for euro area current account imbalances, global current account imbalances and net foreign asset positions worldwide. While the existing current account literature concentrates on proximate macroeconomic determinants, this paper’s extension o…
Financial Behaviour Under Economic Strain in Different Age Groups: Predictors and Change Across 20 Years
2021
AbstractThe present study examined the multiple micro- and macro-level factors that affect individuals’ financial behaviour under economic strain. The following sociodemographic and economic factors that predict financial behaviour were analysed: age group, year of data gathering, and attitudes towards consumption (economical, deprived, and hedonistic). Subjective financial situations and demographic characteristics were controlled for. Finnish time series data that consisted of five cross-sectional nationally representative surveys were used (n = 10 043). The analyses revealed four types of financial behaviour: cutting expenses, borrowing, increasing income, and gambling. Young adults aged…
Early health, risk aversion and stock market participation
2021
To examine the relationship between early health status and financial decisions in adulthood, we link information on birth weight in 1966 from the Northern Finland Birth Cohort to data from the Finnish Central Securities Depository over the period of 1995–2010. We find that persons predisposed to poor health status in early childhood (indicated by low birth weight) avoid participating in the stock market in adulthood, with a 10% increase in birth weight associated with a 1.9% increase in probability of participation. The link between birth weight and stock market participation is partially channeled by poor early health status being associated with higher risk aversion. Early health status …
Financial literacy among Finnish adolescents in PISA 2018 : the role of financial learning and dispositional factors
2021
The aim or the present study was to examine the relative importance of financial education in school and families and dispositional factors (competitiveness, work mastery, meta-cognition) in predicting financial literacy among Finnish adolescents. The data on the 4328 Finnish 15-year-olds was drawn from the PISA 2018 assessment. Financial literacy was measured by tests, and financial education and dispositional factors were assessed by adolescent questionnaires. First, the results showed that financial education in school was positively associated with adolescents’ financial literacy skills, whereas parental involvement in financial matters did not relate or related negatively to financial …
Subjective financial situation and financial capability of young adults in Finland
2018
A key developmental task in young adulthood is acquiring financial capability (Serido, Shim, & Tang, 2013), meaning competent financial management skills and the responsibilities that these involve. This study extends previous research on the theoretical model of the development of financial capability, including financial confidence (or financial self-efficacy) and financial behavior as factors contributing to subjective and financial well-being. It is part of the Finnish Educational Transitions Studies (FinEdu) longitudinal research project. Participants were 418 young adults aged 24–25 at Time 1 and 26–27 at Time 2. Path and mediation models and Structural Equation Modeling followin…
ASP-tili säästämisen sitouttamisvälineenä
2021
Ihmisillä on usein haasteita sitoutua pitkän aikavälin tavoitteisiin. Oman talouden hallinnassa tämä voi tarkoittaa säästämisvaikeuksia, mutta myös maksuhäiriömerkintöihin ja ylivelkaantumiseen johtavaa kuluttamista. Aikaisemman tutkimuksen mukaan erilaiset sitouttamisvälineet ovat edistäneet heikon itsekontrollin omaavien henkilöiden säästämistä ja toimineet näin osaratkaisuna tähän ongelmaan. Tämä artikkeli täydentää aikaisempaa tutkimusta tarkastelemalla asuntosäästöpalkkio (ASP) -tiliä säästämisen sitouttamisvälineenä. Tutkimuksessa hyödynnetään vuonna 2017 kerättyä yliopisto-opiskelijoista koostuvaa kyselyaineistoa. Tutkimustulosten perusteella ASP-tilin omistaminen on positiivisesti y…
Suomalaisten talousosaaminen : kunnossa vai retuperällä?
2020
Julkisuudessa on vuosien varrella arvosteltu suomalaisten ja etenkin nuorten talousosaamista ja taloudellista lukutaitoa. Heikon osaamisen on katsottu aiheuttavan ylivelkaantumista ja muita ongelmia. Syitä tilanteeseen on etsitty erityisesti koulutusjärjestelmästä, jonka ei katsota antavan riittäviä eväitä talousasioiden ymmärtämiseen ja hoitamiseen. Tässä artikkelissa pyrimme tuomaan esille tutkimuksissa havaittua tietoa etenkin suomalaisten nuorten talousosaamisesta. Tulostemme perusteella huoli on jonkin verran liioiteltu. nonPeerReviewed
Early Health, Risk Aversion and Stock Market Participation
2019
To examine the relationship between early health status and financial decisions in adulthood, we link information on birth weight in 1966 from the Northern Finland Birth Cohort to data from the Finnish Central Securities Depository over the period of 19952010. We find that persons predisposed to poor health status in early childhood (indicated by low birth weight) avoid participating in the stock market in adulthood. The link between birth weight and stock market participation is partially explained by the fact that poor early health status leads to risk aversion. Early health status is not significantly related to the portfolio’s value-growth tilt. nonPeerReviewed