The Risk Tolerance Measure in the 2016 Survey of Consumer Finances: New, But Is It Improved?

被引：2

作者：

Kim, Kyoung Tae ^{[1
]}

Hanna, Sherman D. ^{[2
]}

Ying, Dongyue ^{[3
]}

机构：

[1] Univ Alabama, Dept Consumer Sci, 316-C Adams Hall,Box 870158, Tuscaloosa, AL 35487 USA

[2] Ohio State Univ, Coll Educ & Human Ecol, Dept Human Sci, 1787 Neil Ave,Room 115A, Columbus, OH 43210 USA

[3] Ohio State Univ, Coll Educ & Human Ecol, Dept Human Sci, 235A Campbell Hall,1787 Neil Ave, Columbus, OH 43210 USA

来源：

JOURNAL OF FINANCIAL COUNSELING AND PLANNING | 2021年 / 32卷 / 01期

关键词：

equity ownership; measure evaluation; risk tolerance; Survey of Consumer Finances;

D O I：

10.1891/JFCP-19-00022

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The Survey of Consumer Finances (SCF) has included a 4-level risk tolerance measure since 1983. In 2016, the SCF also included an 11-level risk tolerance measure. We compare the two measures, and develop suggestions for using the new measure. While the new measure is seemingly simpler than the old measure, we demonstrate that it does not have a monotonic relationship with owning stock assets, with a pattern similar to the relationship of the old measure to stock ownership. We also identify complex patterns of factors related to different levels of the new measure, for instance education has a negative relationship at one level but positive at another level. Those using the new measure should consider the complex patterns we demonstrate.

引用

页码：86 / 103

页数：18

共 50 条

[41] THE EFFECT OF LARGE MONETARY INCENTIVES ON SURVEY COMPLETION EVIDENCE FROM A RANDOMIZED EXPERIMENT WITH THE SURVEY OF CONSUMER FINANCES
Hsu, Joanne W.
Schmeiser, Maximilian D.
Haggerty, Catherine
Nelson, Shannon
[J]. PUBLIC OPINION QUARTERLY, 2017, 81 (03) : 736 - 747
[42] COMPARATIVE FINANCIAL PORTFOLIOS OF BANK AND NONBANK CUSTOMERS - EVIDENCE FROM THE SURVEY OF CONSUMER FINANCES
GARDNER, MJ
MILLS, DL
[J]. AKRON BUSINESS AND ECONOMIC REVIEW, 1989, 20 (04): : 50 - 68
[43] Financial institution objectives and auto loan pricing: Evidence from the survey of consumer finances
van Rijn, Jordan
Zeng, Shuwei
Hellman, Paul
[J]. JOURNAL OF CONSUMER AFFAIRS, 2021, 55 (03) : 995 - 1039
[44] Is rising student debt affecting retirement savings? Evidence from the survey of consumer finances
Batkeyev, Birzhan
Ertugrul, Mine
Krishnan, Karthik
Wang, Pinshuo
[J]. FINANCIAL REVIEW, 2024, 59 (03) : 589 - 623
[45] CREATION OF A SYNTHETIC DATA SET BY LINKING RECORDS OF CANADIAN SURVEY OF CONSUMER FINANCES WITH FAMILY EXPENDITURE SURVEY 1970
ALTER, HE
[J]. ANNALS OF ECONOMIC AND SOCIAL MEASUREMENT, 1974, 3 (02): : 373 - 394
[46] 1961 SURVEY OF CONSUMER FINANCES - KATONA,G, LIVINGER,GA, MORGAN,JN, MUELLER,E
SIMPSON, PB
[J]. AMERICAN ECONOMIC REVIEW, 1962, 52 (05): : 1210 - 1213
[47] Stockholding behavior of US households: Evidence from the 1983-1989 survey of consumer finances
Bertaut, CC
[J]. REVIEW OF ECONOMICS AND STATISTICS, 1998, 80 (02) : 263 - 275
[48] 1966 SURVEY OF CONSUMER FINANCES - KATONA,G, MUELLER,E, SCHMEDESKAMP,J AND SONQUIST,JA
SMITH, PF
[J]. JOURNAL OF CONSUMER AFFAIRS, 1968, 2 (01) : 131 - 132
[49] Measuring the impact of data protection techniques on data utility: Evidence from the survey of consumer finances
Kennickell, Arthur
Lane, Julia
[J]. PRIVACY IN STATISTICAL DATABASES, PROCEEDINGS, 2006, 4302 : 291 - 303
[50] Retrospective reporting of household wealth: Evidences from the 1983-1989 Survey of Consumer Finances
Kennickell, AB
StarrMcCluer, M
[J]. JOURNAL OF BUSINESS & ECONOMIC STATISTICS, 1997, 15 (04) : 452 - 463

← 1 2 3 4 5 →