Marketing Seminar（2017-14）
Title: Consumer Financial Capability and Wellbeing
Speaker: Jingjian Xiao, University of Rhode Island
Time: Wednesday, May 24, 15:00-16:30
Place: Room 217, Guanghua Building 2
Abstract
This study is to investigate roles of financial literacy, financial behavior, and financial capability as mediating factors between financial education and financial satisfaction. The data is from the 2012 National Financial Capability Study, a large national dataset with detailed information on financial satisfaction, education, literacy, behavior, capability, and related variables. Mediation analyses are used to answer research questions. Financial education may affect financial satisfaction, a subjective measure of financial wellbeing, through financial literacy, financial behavior, and financial capability variables. Results show that subjective financial literacy, desirable financial behavior, and a financial capability index (a sum of Z scores of objective financial literacy, subjective financial literacy, desirable financial behavior, and perceived financial capability) are strong mediators bet-ween financial education and financial satisfaction. The findings have implications for financial service professionals to take advantages of multiple benefits of financial education in content acquisition, confidence in knowledge and ability, and action taking when they communicate with their clients. Policymakers in consumer financial education may use the information to advocate and promote effective education programs to improve consumer financial wellbeing. This study is the first of this kind to examine the association between financial education and financial satisfaction and several financial capability variables as mediating factors.
Introduction
肖经建博士是美国罗德岛大学人生生长和家庭研究系消耗金融偏向教授，，，，，，教学消耗经济学,消耗者；；；；；,以及消耗金融等课程，，，，，，从事消耗者行为和消耗者理财方面的研究。。 。。他出书了《消耗者经济福利》,《个人金融数学》和《消耗金融研究手册》等著作。。 。。他现在是金融咨询和妄想教育学会官方刊物《金融咨询和妄想杂志》的主编，，，，，，他还在主编一套《消耗者科学国际丛书》。。 。。他曾担当美国消耗者权益学会会长，，，，，，亚洲消耗者和家庭经济学会会长，，，，，，是美国消耗者同盟理事会成员。。 。。他也曾担当由美国财务部和美国天下金融教育基金会等部分主理的金融知识教育项目的照料和演讲嘉宾。。 。。他被约请在中国，，，，，，日本，，，，，，韩国,马来西亚,台湾，，，，，，香港和其他国家和地区做关于消耗者行为研究的演讲。。 。。他本科和硕士就读于中南财经政法大学，，，，，，在美国俄勒冈州立大学获消耗经济学博士学位。。 。。
Your participation is warmly welcomed!
