This study looked at whether demographics, religious beliefs, political orientation, personality traits, and money attitudes are correlates of financial capability, knowledge and distress. Over 3,500 British participants completed multiple measures online. As hypothesized, demographics, religious beliefs, political orientation, personality traits, and money attitudes each explained unique variance in financial capability, financial knowledge, and financial distress. Regression and correlational results showed demographic factors particularly age, education, and income were significantly related to all criteria variables. Money attitudes explained additional variance in financial capability and distress beyond that explained by demography, ideology, and personality. Trait conscientiousness, money as security attitude, age, and income were most strongly correlated with financial capability and financial distress.

▪ Direct involvement methods are often seen as heralding a new industrial relations in which employee voice is weaker than in systems based on unions or works councils. We test this argument through an empirical study across the European operations of 25 multinationals with headquarters in the UK and find that this is true only when direct voice is used in isolation. Such systems are not uncommon, but more often direct voice coexists with union and other representative channels. It is the variability in the relationship between three channels (direct, representative committee and union) that is significant. This confirms that institutions matter, but we conclude that the subject of industrial relations needs to focus more on the interplay between different voice mechanisms.

This study examined sex differences in money beliefs and behaviours. Over 100,000 British participants completed two measures online, one of which assessed “money pathology” (Forman in Mind over money, Doubleday, Toronto, 1987), and the other four “money types”, based on the emotional associations of money (Furnham et al. in Personal Individ Differ, 52:707–711, 2012). Nearly all measures showed significant sex differences with medium to large effect sizes, and with females exhibiting more “money pathology” than males. The biggest difference on the money types was on money being associated with generosity (money representing love) where men scored much lower than females, and autonomy (money representing freedom) where men scored higher than women. For men, more than women, money represented Power and Security. Men were more likely to be Hoarders while women did more emotional regulatory purchasing. Implications and limitations of this study are discussed.

No abstract