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The financial practices and perceptions behind separate systems of household financial management

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  • Ashby, Katherine J.
  • Burgoyne, Carole. B.

Abstract

Qualitative research in the UK has revealed a diversity of financial arrangements underlying separate systems of household financial management. One factor, identified in previous work, is perceived ownership of money, with financial practices differing according to whether couples have distinct, blurred or shared ownership perceptions. The present work aims to build on and extend this research, using data from an online survey study with 190 cohabitants in the UK. The findings reveal that ownership perceptions transcend separate money management categories, and can be a significant predictor of the type of contribution cohabitants make towards joint household expenses.

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  • Ashby, Katherine J. & Burgoyne, Carole. B., 2009. "The financial practices and perceptions behind separate systems of household financial management," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(3), pages 519-529, June.
    • Handle: RePEc:eee:soceco:v:38:y:2009:i:3:p:519-529
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    References listed on IDEAS

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    1. Ashby, Katherine J. & Burgoyne, Carole B., 2008. "Separate financial entities?: Beyond categories of money management," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(2), pages 458-480, April.
    2. Shefrin, Hersh M & Thaler, Richard H, 1988. "The Behavioral Life-Cycle Hypothesis," Economic Inquiry, Western Economic Association International, vol. 26(4), pages 609-643, October.
    3. Burns, Maree & Burgoyne, Carole & Clarke, Victoria, 2008. "Financial affairs? Money management in same-sex relationships," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(2), pages 481-501, April.
    4. Sonnenberg, Stefanie J., 2008. "Household financial organisation and discursive practice: Managing money and identity," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(2), pages 533-551, April.
    5. Vogler, Carolyn & Brockmann, Michaela & Wiggins, Richard D., 2008. "Managing money in new heterosexual forms of intimate relationships," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(2), pages 552-576, April.
    6. Pahl, Jan, 1995. "His money, her money: Recent research on financial organisation in marriage," Journal of Economic Psychology, Elsevier, vol. 16(3), pages 361-376, September.
    7. Burgoyne, Carole B. & Reibstein, Janet & Edmunds, Anne & Dolman, Valda, 2007. "Money management systems in early marriage: Factors influencing change and stability," Journal of Economic Psychology, Elsevier, vol. 28(2), pages 214-228, April.
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    Cited by:

    1. Natasha Cabrera & Ronald Mincy & Hyunjoon Um, 2018. "The long-reach of fathers’ earnings on children’s skills in two-parent families: Parental investments, family processes, and children’s language skills," Working Papers wp18-06-ff, Princeton University, School of Public and International Affairs, Center for Research on Child Wellbeing..
    2. Jaanika Meriküll & Merike Kukk & Tairi Rõõm, 2021. "What explains the gender gap in wealth? Evidence from administrative data," Review of Economics of the Household, Springer, vol. 19(2), pages 501-547, June.
    3. Merike Kukk & W. Fred Raaij, 2022. "Joint and Individual Savings within Families: Evidence from Bank Accounts," Journal of Family and Economic Issues, Springer, vol. 43(3), pages 511-533, September.
    4. Lars Evertsson & Charlott Nyman, 2014. "Perceptions and Practices in Independent Management: Blurring the Boundaries Between “Mine,” “Yours” and “Ours”," Journal of Family and Economic Issues, Springer, vol. 35(1), pages 65-80, March.
    5. Jefferson, Therese & Taplin, Ross, 2012. "Relational aspects of decisions to sell," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 697-704.
    6. Sonnenberg, Stefanie J. & Burgoyne, Carole B. & Routh, David A., 2011. "Income disparity and norms relating to intra-household financial organisation in the UK: A dimensional analysis," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(5), pages 573-582.

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