De Gruyter Handbook of Personal Finance

Description

The De Gruyter Handbook of Personal Finance provides a robust review of the core topics comprising personal finance, including the primary models, approaches, and methodologies being used to study particular topics that comprise the field of personal finance today. The contributors include many of the world's leading personal finance researchers, financial service professionals, thought leaders, and leading contemporary figures conducting research in this area whose work has shaped-and continues to affect-the way that personal finance is conceptualized and practiced. The first section of the handbook provides a broad introduction to the discipline of personal finance. The following two sections are organized around the core elements of personal finance research and practice: saving, investing, asset management, and financial security. The fourth section introduces future research, practice, and policy directions. The handbook concludes with a discussion on an educational and research agenda for the future. This handbook will be a core reference work for researchers, financial service practitioners, educators, and policymakers and an excellent supplementary source of readings for those teaching undergraduate and graduate-level courses in personal finance, financial planning, consumer studies, and household finance. Contents List of Contributors Preface Part I: Introduction to the Discipline of Personal Finance 1 Defining Personal Finance 2 Personal Finance: A Policy and Institutional Perspective 3 Personal Finance: A Practice Perspective 4 Personal Finance: An International Perspective 5 Theories of Personal Finance Part II: Saving, Investing, and Asset Management 6 Budgeting and Cash Flow Management 7 Patterns of Asset Ownership 8 Approaches to Saving 9 Financial Risk Tolerance 10 Accounting for Time When Saving and Investing 11 Household Financial Ratios 12 Income, Income Transfers, and Taxes 13 The Use of Credit in the Consumer Marketplace 14 Debt and Mortgage Choices 15 Considerations when Planning for Retirement 16 Generating Income in Retirement Using Systematic Withdrawal Strategies with Investments 17 Small Business Ownership: Impact of the Lack of Transparency and Separation on Small Business Finances 18 Applying Investing Theory to Practice Part III: Financial Security 19 The Role of Insurance as a Household Financial Management Tool 20 Health and Financial Well-Being 21 Household Debt Behavior 22 Financial Security: Protecting the Health of Consumers 23 Accounting for Retirement Asset Distributions during the Decumulation Stage of Life 24 The Evolution of Financial Services in the Digital Age Part IV: Future Directions 25 Behavioral Economics and Financial Decision Making 26 The Role of Socialization in Shaping Personal Finance Attitudes and Behaviors 27 Measuring and Applying Financial Literacy 28 Money Psychology: Beliefs and Behaviors about Investing, Saving, and Spending 29 Financial and Relationship Satisfaction 30 The Growing Role of FinTech and Robo-advisors 31 The Use of Financial Advice: Consumers’ Financial Advice-Seeking 32 The Future of Payments: Cash, Cryptocurrencies, and Peer-to-Peer Payments Part V: Summarization 33 Personal Finance Research: An Editor’s Perspective 34 The Future of Personal Finance: An Educational and Research Agenda List of Figures List of Tables About the Editors Index