We examine the role of the Big Five personality traits in the job exploration process of Latino undergraduate business students to ascertain the personality traits and socio-cognitive variables that lead to greater success of students in their job searches. We find that personalities such as extraversion and conscientiousness are positively associated with career selfefficacy, career expectations, and interests in both academic and professional skills, which in turn positively influence job exploration behaviors. Additionally, we find that personalities such as agreeableness and neuroticism have a negative influence on career exploration behaviors. Our findings provide Latino business students with college vocational guidance that can help enhance their career confidence, job beliefs, and career interests in the job-seeking process.
Over 40% of American households always feel like they are overspending and they regret their choices. However, these consumers are unaware of the type of overspending they follow. Such overspending behaviours include income overspending (a consumer spends more than his or her earned income), expected overspending (a consumer spends more than expected in a “normal” year) and credit overspending (a consumer does not pay off credit card balances). The study aims to explore how overspending behaviours are affected by the mental accounts of wealth, saving goals and expense forecasting. Using data from the 2016 Survey of Consumer Finances, the study describes overspending behaviour associated with three types of mental accounts. The study reveals that expected overspending is affected by expenditure forecasts and wealth allocation while credit overspending is affected by wealth allocation only. Income overspending is influenced by wealth allocation, expenditure forecasts and savings goals. These findings have important implications for consumers and finance professionals. Furthermore, the study reveals the important influence of consumer demographic characteristics on overspending behaviours by showing that certain types of consumers have a higher propensity to overspend.
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