Comparative Advantage in the Household: Should One Person Specialize in a Household's Financial Matters?

被引:8
作者
Pearson, Blain [1 ]
Korankye, Thomas [2 ]
Salehi, Hossein [3 ]
机构
[1] Kansas State Univ, Coll Human Sci, Dept Personal Financial Planning, 343 Justin Hall, Manhattan, KS 66506 USA
[2] Univ Arizona, Norton Sch Family & Consumer Sci, Personal & Family Financial Planning, McClelland Pk,POB 210078, Tucson, AZ 85721 USA
[3] Calif Lutheran Univ, Coll Business, Sch Management, Dept Finance & Financial Planning, 60 West Olsen Rd, Thousand Oaks, CA 91360 USA
关键词
Financial satisfaction; Household economics; Household finances; Household specialization; MARITAL HAPPINESS; FAMILY SATISFACTION; LABOR; DIFFERENTIALS; HOUSEWORK; EQUITY;
D O I
10.1007/s10834-021-09807-y
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study examines if households experience utility gains by selecting one of its members to specialize in its financial management. Utilizing data that are collected from the Health and Retirement Study, a variable measuring households' level of financial specialization (HFS) is first constructed. The HFS variable is examined for its association with household utility, measured in this study as financial satisfaction, income satisfaction, and life satisfaction. The evidence provided strongly indicates that a household that selects one of its members to specialize in its financial management experiences utility gains.
引用
收藏
页码:114 / 124
页数:11
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