Professional Financial Advice and Subjective Well-Being

被引:5
作者
Schepen, Arjen [1 ]
Burger, Martijn J. [2 ,3 ]
机构
[1] Erasmus Univ, Erasmus Sch Econ, Rotterdam, Netherlands
[2] Open Univ Netherlands, Dept Org, Heerlen, Netherlands
[3] Erasmus Univ, Erasmus Happiness Econ Res Org EHERO, POB 1738, NL-3000 DR Rotterdam, Netherlands
关键词
Subjective well-being; Happiness; Financial well-being; Financial advice; Financial services; Service research; HAPPINESS; INCOME; SATISFACTION; LIFE; DETERMINANTS; DISTRESS; DEBT;
D O I
10.1007/s11482-022-10049-9
中图分类号
C [社会科学总论];
学科分类号
03 ; 0303 ;
摘要
In this paper, we examine the relationship between professional financial advice (PFA) and subjective well-being (SWB). Utilizing the Dutch Household Survey 1995-2018, we find that regarding a professional financial advisor as most important source of financial advice is associated with higher levels of SWB. This association is stronger for households that experienced an increase in income, individuals who do not consider themselves financially knowledgeable, and individuals that have a weaker internal locus of control and have a lower degree of conscientiousness.
引用
收藏
页码:2967 / 3004
页数:38
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