Yao, Rui (MU): Recent submissions
Now showing items 21-40 of 43
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Financial risk tolerance of Chinese American families
(2012)This chapter investigates the factors that affect financial risk tolerance of Chinese American households. Research on the economic well-being of Chinese American households is extremely limited. Few national datasets ... -
Family finances in urban China : evidence from a national survey
(2010)This paper presents an overview of consumer financial well-being in transitional China. It provides an up-to-date and overall description of the Chinese urban households’ assets, liabilities, income, and consumption patterns. ... -
Factors related to meeting the capital accumulation ratio guideline
(2002)The capital accumulation ratio, investment assets divided by net worth, has been proposed as a useful indicator of financial health. Various experts recommend a minimum value of 25% to 50% for the ratio. When certificates ... -
Factors related to making investment mistakes in a down market
(2015)Using data from the 2008 FPA-Ameriprise Financial Value of Financial Planning Research Study, this study identifies the factors related to making investment mistakes by moving assets into more of a cash position in a down ... -
An exploratory study of Chinese Americans' debt holding
(2011)Postprint. Research concerning the financial well-being of Chinese American households is extremely limited. This article examines factors that affect the probability that Chinese American households will hold debt. Analysis ... -
Effects of age on saving motives of Chinese urban consumers
(2014)The Chinese maintain one of the highest saving rates in the world. Although saving is generally regarded as a good practice, in a market economy, extremely high saving rates can constrain welfare enhancing consumption and ... -
The effect of gender and marital status on financial risk tolerance
(2005)This article focuses on the effect of gender and marital status on financial risk tolerance. Most previous studies have compared single males to single females, but this study also differentiates married males from married ... -
Do market returns influence risk tolerance? : Evidence from panel data
(2011)This study used the 1992-2006 waves of the Health and Retirement Study to investigate changes in risk tolerance levels over time in response to stock market returns. Findings indicate that risk tolerance tends to increase ... -
Determinants of defined contribution plan deferral
(2013)The purpose of this study was to examine the trend of Defined Contribution (DC) plan deferral before and after the Great Recession. The investment principle of "buying when prices are low" suggests that DC plan deferral ... -
Decomposing the age effect on risk tolerance
(2011)The importance of investment portfolio allocation has become more apparent since the onset of the late 2000s Great Recession. Individual willingness to take financial risks affects portfolio decisions and investment returns ... -
Consumer debt delinquency by family lifecycle categories
(2014)Purpose: The purpose of this paper is to document debt delinquency patterns by family lifecycle categories using multiple data sets that are nationally representative of American families. Findings: The results show that ... -
The role of market returns in retirement decision-making
(2012)Abstract only. Abstract: This study utilizes nine interview waves of the Health and Retirement Study and a multilevel discrete-time survival analysis to investigate the effect of market returns on individual elective ... -
The impact of financial planning on portfolio performance
(2014)Abstract only. Nowadays, individuals and households are increasingly responsible for their own wealth accumulation and preservation while the financial market are growing with complexity (Ho, Palacios, and Stoll 2012). ... -
The effect of gender and marital status on financial risk tolerance [abstract]
(2004)Abstract only. Abstract: This study investigates the effects of marital status and gender on financial risk tolerance and provides implications for financial advice and education. Ho, Milevsky, and Robinson (1994) suggested ... -
Does risk tolerance change in response to market changes?
(2010)Abstract only. Abstract: This study used the 1992-2006 waves of the Health and Retirement Study to investigate changes in risk tolerance levels over time in response to stock market returns. Findings indicate that risk ... -
Defined contribution plan deferral : what are participants doing?
(2013)Abstract only. Abstract: Using the 2004, 2007 and 2010 Survey of Consumer Finances, this study examines the trend of defined contribution (DC) retirement plan deferral over time. "Buy low and sell high" is an incredibly ... -
Debt holding and burden by family structure : patterns and trends in 1989-2007
(2011)Abstract only. Abstract: Financial deregulation started in the 1980s provided families both economic opportunities and risks. Rapidly increased mortgage, credit card and other debts are out of control among many families ... -
Buying high? : The house money effect on DC plan stock investment
(2016)Abstract only. As more and more employees are eligible for defined contribution (DC) plans as versus defined benefit (DB) plans, they have to shoulder the responsibility to manage their plan assets in order to achieve the ... -
Behavior perspectives on making investment mistakes
(2015)Abstract only. Abstract: Classic economics theory assumes individual are completely informed and rational when making decisions. However, in reality, decision makers go through both a rational and an emotional process in ... -
Chinese urban households' security market participation : does investment knowledge and having a long-term plan help?
(2015)Investment in the securities markets is vital to households' wealth accumulation and financial security. Using data from the 2008 Survey of Chinese Consumer Finance and Investor Education, we found that self-assessed ...