Older Adults' Receipt of Financial Help: Does Personality Matter?

Journal of Family and Economic Issues

Volumn 35, Issue 2, 2014, Pages 178-189

  Gillen, Martie ^a   Kim, Hyungsoo ^b  

^a UNIVERSITY OF FLORIDA   (United States)

^b UNIVERSITY OF KENTUCKY   (United States)

Author keywords

Financial help; Older adults; Personality traits

Indexed keywords

EID: 84900400081     PISSN: 10580476     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10834-013-9365-0     Document Type: Article

References (46)

1. Ameriks, J., Caplin, A., Leahy, J., & Tyler, T. (2007). Measuring self-control problems. The American Economic Review, 97(3), 966-972.
2. Andrade, C. (2002). The economics of welfare participation and welfare stigma: A review. Public Finance and Management, 2(2), 294-333.
3. Barker, J. (2002). Neighbors, friends, and other nonkin caregivers of community-living dependent elders. Journal of Gerontology, 57(3), S158-S167. doi: 10. 1093/geronb/57. 3. S158.
4. Borghans, L., Duckworth, A., Heckman, J., & Wheel, B. (2008). The economics and psychology of personality traits. Journal of Human Resources, 43(4), 972-1059. doi: 10. 3368/jhr. 43. 4. 972.
5. Bratton, J., Callinan, M., Forshaw, C., & Sawchuk, P. (2007). Work and organizational behavior. Hampshire: Palgrave Macmillan.
6. Bricker, J., Bucks, B., Kennickell, A., Mach, T., & Moore, K. (2011). Surveying the aftermath of the storm: Changes in family finances from 2007 to 2009. Finance and Economics Discussion Series 2011-2017, Board of Governors of the Federal Reserve System.
7. Brown, S., Garino, G., & Taylor, K. (2008). Mortgages and financial expectations: A household level analysis. Southern Economic Journal, 74, 857-878.
8. Brown, S., Garino, G., Taylor, K., & Wheatley Price, S. (2005). Debt and financial expectations: An individual and household level analysis. Economic Inquiry, 43(1), 100-120. doi: 10. 1093/ei/cbi008.
9. Brown, S., & Taylor, K. (2011). Household finances and the 'Big Five' personality traits. Sheffield Economic Research Paper Series, SERP Number: 2011025.
10. Chapman, B., Duberstein, R., Sorensen, S., & Lyness, J. (2007). Gender differences in five factor model personality traits in an elderly cohort: Extension of robust and surprising findings to an older generation. Personality and Individual Differences, 43(06), 1594-1603.
11. Costa, P., & McCrae, R. (1992). Revised NEO personality inventory (NEO-PIR) and NEO five factor inventory (NEO-FFI) professional manual. Odessa, FL: PAR.
12. Couch, K. A., Daly, M. C., & Wolf, D. A. (1999). Time? Money? Both? The allocation of resources to older parents. Demography, 36, 219-232.
13. Doty, M., Edwards, J., & Holmgren, A. (2005). Seeing red: Americans driven into debt by medical bills. New York: The Commonwealth Fund Pub. No. 837.
14. Duckworth, A., & Weir, D. (2010). Personality, lifetime earnings, and retirement wealth(#2010-235). Ann Arbor, MI: Michigan Retirement Research Center.
15. Duckworth, A., & Weir, D. (2011). Personality and response to the financial crisis (#2011-260). Ann Arbor: Michigan Retirement Research Center.
16. Federal Interagency Forum on Aging-Related Statistics. (2010, July). Older Americans 2010: Key indicators of well-being. Washington, DC.
17. Fisher, J. D., Nadler, A., & Whitcher-Alagna, S. (1983). Four conceptualizations of reactions to aid. In A. Nadler, J. D. Fisher, & B. M. Depaulo (Eds.), New directions in helping: Applied perspectives on help-seeking and receiving (pp. 51-79). New York: Academic Press.
18. Garcia, J., & Draut, T. (2009). The plastic safety net: How households are coping in a fragile economy. Accessed from http://www. community-wealth. org/_pdfs/news/recent-articles/11-09/paper-garcia-draut. pdf.
19. Genworth Financial. (2010). Beyond dollars: The true impact of long term caring. Accessed from https://www. genworth. com/dam/Americas/US/PDFs/Consumer/corporate/Beyond%20Dollars%20FINAL%20109048_093010_secure. pdf.
20. Cox, D. (1987). Motives for private income transfers. Journal of Political Economy, 95(3), 508-546.
21. Grable, J., & Joo, S. (1999). Financial help-seeking behavior: Theory and implications. Financial Counseling and Planning Education, 10(1), 14-25.
22. Greene, W. H. (1993). Econometric analysis (pp. 660-664). New Jersey: Prentice-Hall.
23. Hans, J., Ganong, L., & Coleman, M. (2009). Financial responsibilities toward older parents and stepparents following divorce and remarriage. Journal of Family and Economic Issues, 30(1), 55-66. doi: 10. 1007/s10834-008-9137-4.
24. Heckman, J. (2011). Integrating personality psychology into economics (#17378). Cambridge: National Bureau of Economic Research.
25. Henretta, J. C., Soldo, B. J., & van Voorhis, M. F. (2011). Why do families differ? Children's care for an unmarried mother. Journal of Marriage and Family, 73(2), 383-395. doi: 10. 1111/j. 1741-3737. 2010. 00813. x.
26. Hershey, D., & Jacobs-Lawson, J. (2012). Bridging the gap: Anticipated shortfalls in retirement income. Journal of Family and Economic Issues,. doi: 10. 1007/s10834-012-9281-8.
27. Kakhnovets, R. (2011). Relationships among personality, expectations about counseling, and help-seeking attitudes. Journal of Counseling & Development, 89(1), 11-19. doi: 10. 1002/j. 1556-6678. 2011. tb00056. x.
28. Kelley, H. H. (1967). Attribution theory in social psychology. In D. Levine (Ed.), Nebraska symposium on motivation (Vol. 15). Lincoln: University of Nebraska Press.
29. Koh, S. K., & MacDonald, M. (2006). Financial reciprocity and elder care: Interdependent resource transfers. Journal of Family and Economic Issues, 27(3), 420-436. doi: 10. 1007/s10834-006-9028-5.
30. Komiya, N., Good, G. E., & Sherrod, N. B. (2000). Emotional openness as a predictor of college students' attitudes toward seeking psychological help. Journal of Counseling Psychology, 47(1), 138-143. doi: 10. 1037/0022-0167. 47. 1. 138.
31. Lee, F. (1997). When the going gets tough, do the tough ask for help? Help-seeking and power motivation in organizations. Organizational Behavior and Human Decision Processes, 72, 336-363.
32. Manchester, C. F., & Mumford, K. J. (2010). How costly is welfare stigma? Separating psychological costs from time costs. Working Papers, Purdue University, Department of Economics.
33. McCrae, R. R., & John, O. P. (1992). An introduction to the five-factor model and its applications. Journal of Personality, 60, 175-215.
34. MetLife. (2009). Tapping home equity in retirement. Accessed from https://www. metlife. com/assets/cao/mmi/publications/studies/mmi-tapping-home-equity-retirement. pdf.
35. Moffitt, R. (1983). An economic model of welfare stigma. The American Economic Review, 73(5), 1023-1035. doi: 10. 2307/1814669.
36. Munnell, A. (2004, April). Why are so many older women poor? Just the Facts on Retirement Issues. Chestnut Hill: Center for Retirement Research at Boston College.
37. Pew Research Center. (2009). Growing old in America: Expectations vs. reality. Accessed from http://pewresearch. org/pubs/1269/aging-survey-expectations-versus-reality.
38. Reis, M., & Gold, D. (1993). Retirement, personality, and life satisfaction: A review and two models. Journal of Applied Gerontology, 12(2), 261-282.
39. Robinson, O., Demetre, D., & Corney, C. (2010). Personality and retirement: Exploring the links between the Big Five personality traits, reasons for retirement and the experience of being retired. Personality and Individual Differences, 48, 792-797. doi: 10. 1016/j. paid. 2010. 01. 014.
40. US Department of Agriculture. (2012). Building a healthy America: A profile of the supplemental nutrition assistance program. Accessed from http://www. fns. usda. gov/ora/MENU/Published/snap/FILES/Other/BuildingHealthyAmerica. pdf.
41. US Government Accountability Office. (2011a, June). Nutritional assistance-Additional efficiencies could improve services to older adults. Accessed from www. gao. gov/assets/130/126478. pdf.
42. US Government Accountability Office. (2011b, June). Ensuring income throughout retirement requires difficult choices. Accessed from http://www. gao. gov/new. items/d11400. pdf.
43. US Social Security Administration. (2011). Annual statistical supplement. Accessed from http://www. ssa. gov/policy/docs/statcomps/supplement/2011/8e. html.
44. US Social Security Administration. (2012). Monthly statistical snapshot, October 2012. Accessed from http://www. ssa. gov/policy/docs/quickfacts/stat_snapshot/.
45. Vogel, D. L., & Wester, S. R. (2003). To seek help or not to seek help: The risks of self- disclosure. Journal of Counseling Psychology, 50(3), 351-361.
46. Zissimopoulos, J. (2001). Resource transfers to the elderly: Do adult children substitute financial transfers for time transfers? RAND Working Paper Series 01-05.