메뉴 건너뛰기




Volumn 16, Issue 1, 2005, Pages 51-62

The financial risk tolerance of Blacks, Hispanics and Whites

Author keywords

Ethnicity; Financial risk tolerance; Preferences; Race; Survey of Consumer Finances

Indexed keywords


EID: 84864099908     PISSN: 10523073     EISSN: 19477910     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (123)

References (52)
  • 1
    • 1342300176 scopus 로고    scopus 로고
    • Recent changes in U.S. family finances: Evidence from the 1998 and 2001 Survey of Consumer Finances
    • Aizcorbe, A.M., Kennickell, A.B., & Moore, K.B. (2003). Recent changes in U.S. family finances: Evidence from the 1998 and 2001 Survey of Consumer Finances. Federal Reserve Bulletin, 89, 1-32.
    • (2003) Federal Reserve Bulletin , vol.89 , pp. 1-32
    • Aizcorbe, A.M.1    Kennickell, A.B.2    Moore, K.B.3
  • 3
    • 0003509657 scopus 로고
    • Aspects of the theory of risk bearing
    • Chicago: Markham Publishing. (Reprinted from K.J. Arrow (1965) Aspects of the Theory of Risk-Bearing. Helsinki: Yrjö Hahnsson Foundation.)
    • Arrow, K.J. (1971). Aspects of the theory of risk bearing. In Essays in the theory of risk-bearing (pp. 90-133). Chicago: Markham Publishing. (Reprinted from K.J. Arrow (1965) Aspects of the Theory of Risk-Bearing. Helsinki: Yrjö Hahnsson Foundation.)
    • (1971) Essays In the Theory of Risk-bearing , pp. 90-133
    • Arrow, K.J.1
  • 5
    • 0001099198 scopus 로고    scopus 로고
    • Preference parameters and behavioral heterogeneity: An example approach in the Health and Retirement Study
    • Barsky, R.B., Juster, T., Kimball, M.S., & Shapiro, M.D. (1997). Preference parameters and behavioral heterogeneity: An example approach in the Health and Retirement Study. Quarterly Journal of Economics, 112, 537-579.
    • (1997) Quarterly Journal of Economics , vol.112 , pp. 537-579
    • Barsky, R.B.1    Juster, T.2    Kimball, M.S.3    Shapiro, M.D.4
  • 6
    • 0037868493 scopus 로고    scopus 로고
    • Federal Reserve Board of Governors. Retrieved April 22, from
    • Bertaut, C. & Starr-McCluer, M. (2000). Household portfolios in the United States. Federal Reserve Board of Governors. Retrieved April 22, 2005, from http://www.federalreserve.gov/pubs/feds/2000/200026/200026pap.pdf
    • (2000) Household Portfolios In the United States
    • Bertaut, C.1    Starr-McCluer, M.2
  • 12
    • 34547255935 scopus 로고    scopus 로고
    • Risk tolerance and the investment behavior of Black and Hispanic heads of household
    • Coleman, S. (2003). Risk tolerance and the investment behavior of Black and Hispanic heads of household. Financial Counseling and Planning, 14(2), 43-52.
    • (2003) Financial Counseling and Planning , vol.14 , Issue.2 , pp. 43-52
    • Coleman, S.1
  • 15
    • 0003096089 scopus 로고
    • Reframing theories for understanding race, ethnicity, and families
    • In Ross, P., Doherty, W., LaRossa, R., Schu, W., & Steinmetz, S, New York: Plenum Press
    • Dilworth-Anderson, P., Burton, L., & Johnson, L. (1993). Reframing theories for understanding race, ethnicity, and families. In Ross, P., Doherty, W., LaRossa, R., Schu, W., & Steinmetz, S., Sourcebook of family theories and methods: A contextual approach (pp. 627-646). New York: Plenum Press.
    • (1993) Sourcebook of Family Theories and Methods: A Contextual Approach , pp. 627-646
    • Dilworth-Anderson, P.1    Burton, L.2    Johnson, L.3
  • 18
    • 0034373966 scopus 로고    scopus 로고
    • Financial risk tolerance and additional factors that affect risk taking in everyday money matters
    • Grable, J.E. (2000). Financial risk tolerance and additional factors that affect risk taking in everyday money matters. Journal of Business and Psychology, 14, 625-630.
    • (2000) Journal of Business and Psychology , vol.14 , pp. 625-630
    • Grable, J.E.1
  • 19
    • 0043049113 scopus 로고    scopus 로고
    • Factors related to risk tolerance: A further examination
    • Grable, J.E. & Joo S. (1999). Factors related to risk tolerance: a further examination. Consumer Interests Annual, 45, 53-58.
    • (1999) Consumer Interests Annual , vol.45 , pp. 53-58
    • Grable, J.E.1    Joo, S.2
  • 20
    • 18044400514 scopus 로고    scopus 로고
    • Risk overhang and market behavior
    • Gron, A. & Winton, A. (2001). Risk overhang and market behavior. The Journal of Business, 74, 591-612.
    • (2001) The Journal of Business , vol.74 , pp. 591-612
    • Gron, A.1    Winton, A.2
  • 21
    • 0010417609 scopus 로고    scopus 로고
    • Racial differences in investor decision making
    • Gutter, M., Fox, J., & Montalto, C. P. (1999). Racial differences in investor decision making. Financial Services Review, 8(3), 149-162.
    • (1999) Financial Services Review , vol.8 , Issue.3 , pp. 149-162
    • Gutter, M.1    Fox, J.2    Montalto, C.P.3
  • 22
    • 0029545258 scopus 로고
    • Why do so few hold stocks?
    • Haliassos, M. & Bertaut, C.C. (1995). Why do so few hold stocks? The Economic Journal, 105(432), 1110-1129.
    • (1995) The Economic Journal , vol.105 , Issue.432 , pp. 1110-1129
    • Haliassos, M.1    Bertaut, C.C.2
  • 26
    • 16144367259 scopus 로고    scopus 로고
    • Gender, ethnicity, and labor force instability
    • Hsueh, S. & Tienda, M. (1996). Gender, ethnicity, and labor force instability. Social Science Research, 25, 73-94.
    • (1996) Social Science Research , vol.25 , pp. 73-94
    • Hsueh, S.1    Tienda, M.2
  • 28
    • 0034366177 scopus 로고    scopus 로고
    • Race and wealth inequality: The impact of racial differences in asset ownership on the distribution of household wealth
    • Keister, L.A. (2000). Race and wealth inequality: The impact of racial differences in asset ownership on the distribution of household wealth. Social Science Research, 29, 477-502.
    • (2000) Social Science Research , vol.29 , pp. 477-502
    • Keister, L.A.1
  • 33
    • 0000607977 scopus 로고    scopus 로고
    • Recent changes in family finances: Results from the 1998 Survey of Consumer Finances
    • Januaray
    • Kennickell, A.B., Starr-McCluer, M, & Surette, B.J. (2000, Januaray). Recent changes in family finances: Results from the 1998 Survey of Consumer Finances. Federal Reserve Bulletin, 1-29.
    • (2000) Federal Reserve Bulletin , pp. 1-29
    • Kennickell, A.B.1    Starr-McCluer, M.2    Surette, B.J.3
  • 35
    • 0033425686 scopus 로고    scopus 로고
    • Consistent weight design for the 1989, 1992, and 1995 SCFs and the distribution of wealth
    • Kennickell, A.B. & Woodburn, L.R. (1999). Consistent weight design for the 1989, 1992, and 1995 SCFs and the distribution of wealth. Review of Income and Wealth, 45(2), 193-215.
    • (1999) Review of Income and Wealth , vol.45 , Issue.2 , pp. 193-215
    • Kennickell, A.B.1    Woodburn, L.R.2
  • 37
    • 84987539024 scopus 로고
    • Do more risk-averse investors have lower net worth and income?
    • McInish, T.H., Ramaswami, S.N., & Srivastava, R.K. (1993). Do more risk-averse investors have lower net worth and income? The Financial Review, 28(1), 91-106.
    • (1993) The Financial Review , vol.28 , Issue.1 , pp. 91-106
    • McInish, T.H.1    Ramaswami, S.N.2    Srivastava, R.K.3
  • 39
    • 84925913339 scopus 로고
    • Toward an empirical and theoretical framework for defining Black families
    • Nobles, W. (1978). Toward an empirical and theoretical framework for defining Black families. Journal of Marriage and the Family, 4, 679-688.
    • (1978) Journal of Marriage and The Family , vol.4 , pp. 679-688
    • Nobles, W.1
  • 40
    • 18144427036 scopus 로고    scopus 로고
    • Exploring the impact of culture and acculturation on consumer purchase decisions: Toward a microcultural perspective
    • Retrieved April 22, 2005, from
    • Ogden, D.T., Ogden, J.R., & Schau, H.J. (2004). Exploring the impact of culture and acculturation on consumer purchase decisions: Toward a microcultural perspective. Academy of Marketing Science Review, 2004(8), 1-22. Retrieved April 22, 2005, from http://www.amsreview.org/articles/ogden03-2004.pdf
    • (2004) Academy of Marketing Science Review , vol.2004 , Issue.8 , pp. 1-22
    • Ogden, D.T.1    Ogden, J.R.2    Schau, H.J.3
  • 41
    • 33748333067 scopus 로고    scopus 로고
    • Financial services and the African-American market: What every financial planner should know
    • Plath, D. A. & Stevenson, T. H. (2000). Financial services and the African-American market: What every financial planner should know. Financial Services Review, 9, 343-359.
    • (2000) Financial Services Review , vol.9 , pp. 343-359
    • Plath, D.A.1    Stevenson, T.H.2
  • 42
    • 0001579697 scopus 로고
    • Risk aversion in the small and in the large
    • Pratt, J. W. (1964). Risk aversion in the small and in the large. Econometrica, 32(1/2), 122-136.
    • (1964) Econometrica , vol.32 , Issue.1-2 , pp. 122-136
    • Pratt, J.W.1
  • 44
    • 0010417354 scopus 로고    scopus 로고
    • Risk aversion measures: Comparing attitudes and asset allocation
    • Schooley, D K. & Worden, D D. (1996). Risk aversion measures: Comparing attitudes and asset allocation. Financial Services Review, 5, 87-99.
    • (1996) Financial Services Review , vol.5 , pp. 87-99
    • Schooley, D.K.1    Worden, D.D.2
  • 45
    • 84925929222 scopus 로고
    • Foundations of an Afrocentric social science: Implications for curriculum-building, theory, and research in black studies
    • Semmes, C. (1981). Foundations of an Afrocentric social science: Implications for curriculum-building, theory, and research in black studies. Journal of Black Studies, 12(1), 3-17.
    • (1981) Journal of Black Studies , vol.12 , Issue.1 , pp. 3-17
    • Semmes, C.1
  • 46
    • 0030516678 scopus 로고    scopus 로고
    • An empirical analysis of risk aversion and income growth
    • Shaw, K. L. (1996). An empirical analysis of risk aversion and income growth. Journal of Labor Economics, 14, 626-653.
    • (1996) Journal of Labor Economics , vol.14 , pp. 626-653
    • Shaw, K.L.1
  • 47
    • 0002372397 scopus 로고    scopus 로고
    • Interpreting the African heritage in Afro-American family organization
    • rd ed., Thousand Oaks: Sage
    • rd ed.) (pp. 9-40). Thousand Oaks: Sage.
    • (1997) Black Families , pp. 9-40
    • Sudarkasa, N.1
  • 48
    • 0003760897 scopus 로고    scopus 로고
    • Gender differences in the allocation of assets in retirement savings plans
    • Sundén, A.E. & Surette, B.J. (1998). Gender differences in the allocation of assets in retirement savings plans. The American Economic Review, 88(2), 207-211.
    • (1998) The American Economic Review , vol.88 , Issue.2 , pp. 207-211
    • Sundén, A.E.1    Surette, B.J.2
  • 50
    • 0030196159 scopus 로고    scopus 로고
    • Risk propensity and firm performance: A study of the petroleum exploration industry
    • Walls, M.R. & Dyer, J.S. (1996). Risk propensity and firm performance: A study of the petroleum exploration industry. Management Science, 42, 1004-1021.
    • (1996) Management Science , vol.42 , pp. 1004-1021
    • Walls, M.R.1    Dyer, J.S.2
  • 51
    • 33747733159 scopus 로고    scopus 로고
    • Changes in financial risk tolerance, 1983-2001
    • Yao, R., Hanna, S.D., & Lindamood, S. (2004). Changes in financial risk tolerance, 1983-2001. Financial Services Review, 13 (4), 249-266.
    • (2004) Financial Services Review , vol.13 , Issue.4 , pp. 249-266
    • Yao, R.1    Hanna, S.D.2    Lindamood, S.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.