Income, personality, and subjective financial well-being: the role of gender in their genetic and environmental relationships

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dc.contributor.author Zyphur, M. J.
dc.contributor.author Li, Wendong
dc.contributor.author Zhang, Z.
dc.contributor.author Arvey, R. D.
dc.contributor.author Barsky, A. P.
dc.date.accessioned 2016-04-06T15:16:26Z
dc.date.available 2016-04-06T15:16:26Z
dc.identifier.uri http://hdl.handle.net/2097/32475
dc.description Citation: Zyphur, M. J., Li, W. D., Zhang, Z., Arvey, R. D., & Barsky, A. P. (2015). Income, personality, and subjective financial well-being: the role of gender in their genetic and environmental relationships. Frontiers in Psychology, 6, 16. doi:10.3389/fpsyg.2015.01493
dc.description Increasing levels of financial inequality prompt questions about the relationship between income and well-being. Using a twins sample from the Survey of Midlife Development in the U. S. and controlling for personality as core self-evaluations (CSE), we found that men, but not women, had higher subjective financial well-being (SFWB) when they had higher incomes. This relationship was due to 'unshared environmental' factors rather than genes, suggesting that the effect of income on SFWB is driven by unique experiences among men. Further, for women and men, we found that CSE influenced income and SFWB, and that both genetic and environmental factors explained this relationship. Given the relatively small and male-specific relationship between income and SFWB, and the determination of both income and SFWB by personality, we propose that policy makers focus on malleable factors beyond merely income in order to increase SFWB, including financial education and building self-regulatory capacity.
dc.relation.uri https://doi.org/10.3389/fpsyg.2015.01493
dc.rights Attribution 4.0 International (CC BY 4.0)
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.subject Subjective Financial Well-Being
dc.subject Gender
dc.subject Income
dc.subject Core Self Evaluations
dc.subject Structural Equation Modelling
dc.subject Survey Of Midlife Development In The U.
dc.title Income, personality, and subjective financial well-being: the role of gender in their genetic and environmental relationships
dc.type Article
dc.date.published 2015
dc.citation.doi 10.3389/fpsyg.2015.01493
dc.citation.issn 1664-1078
dc.citation.jtitle Frontiers in Psychology
dc.citation.spage 16
dc.citation.volume 6
dc.contributor.authoreid wendong


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