Ethical Behaviors and Wealth: Generation Y’s Experience

Zagorsky, Jay L.

doi:10.1891/1052-3073.28.2.181

Journal of Financial Counseling and Planning

2017

DOI: 10.1891/1052-3073.28.2.181

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Ethical Behaviors and Wealth: Generation Y’s Experience

Jay L. Zagorsky¹

Abstract: This research investigates if ethical behaviors and personal finances are related using a large scale U.S. random survey called the National Longitudinal Survey of Youth 1997 (NLSY97). Fifteen indicators covering both ethical and unethical behaviors are compared to net worth for people in their 20s and 30s, who are called Generation Y. Breaking rules, stealing, and being arrested are associated with less wealth in this generation. Results suggest that among people in their early 20s, there is little or no rela… Show more

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Cited by 2 publications

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“…Specifically, wealth benefit is found to be significantly related to health benefit (β = 0.48; p = 0.00) which is consistent with earlier studies (Salman and Atya, 2012). The relationship between wealth benefit and ethical concern is confirmed (β = 0.21; p = 0.00) and consistent with extant studies (Wang and Murnighan, 2014;Zagorsky, 2017). Also, wealth benefit has a significant effect on continued intention (β = 0.60; p = 0.00).…”

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confidence: 84%

Consumer Motivation and Multilevel Marketing on Health Products

Oloveze

Oteh

Okonkwo

et al. 2021

HEM

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Multi Level Marketing (MLM) for healthcare product is one of the dramatic transformations that have emerged in contemporary times with varying behavioral responses. Its increasing acceptance in Nigeria is because people find it an alternative option to addressing diverse health concerns amidst other economic benefits. The study considered multilevel marketing in health with a key focus on the relationship between multilevel health products and continuance intention. Descriptive statistics and SEM statistical tool was employed in the analysis. This study therefore examines the issue of MLM and motivating factors and continued intention to engage in MLM in the health related product categories. An online survey was administered on 227 networkers of MLM in South-East, Nigeria. The data was analyzed using Structural Equation Modeling (SEM) and descriptive statistics. Result shows that Nature Renascence International (NRI), Longrich, and Norland are the major MLM brands. Other not popular brands are Edmark, Tianshi, AIM Global, Forever Living Products, Oriflame, and Neolife. However, the major challenge lies in getting down-liners / new people to register and be part of the MLM business. Analysis shows that wealth benefit is the major motivation to join an MLM despite the promises of health benefits. Specifically, wealth benefit is found to be significantly related to health benefit. The study also provides evidence that there is a nexus between wealth benefit and ethical concern. Also, wealth benefit has a significant effect on continued intention. The recommendation centers on policy-drive and regulation. An appropriate policy that addresses the establishment and operation of businesses that engages in MLM of health products is required. This is paramount in other to curtail unethical practices and sharp practices from MLM businesses. In addition, there is a need for proper regulation. The regulation is required to control the use of unprofessional healthcare personnel in counseling and prescribing health drugs as well as targeting issues of false claims.

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confidence: 84%

Consumer Motivation and Multilevel Marketing on Health Products

Oloveze

Oteh

Okonkwo

et al. 2021

HEM

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Financial Attitudes and Charitable Giving

Enete¹,

Heckman²,

Lawson³

2021

Journal of Financial Counseling and Planning

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Why do people give away their money? Charitable giving has traditionally been modeled using socioeconomic (i.e., age, income, education) and psychographic variables (i.e., self-esteem, guilt, pity). However, given that charitable giving is, inherently, a financial activity, would financial variables with a psychographic element (i.e., financial attitudinal variables) have the ability to improve the prediction of giving behavior? Using the 2016 Survey of Consumer Finances (SCF), we found that higher risk tolerance, higher subjective financial knowledge, longer financial time horizon, and access to emergency funds from friends/relatives all were positively associated with charitable giving. The results of this study help broaden the potential information set for financial counselors, marketers, nonprofit organizations, or policymakers when understanding a client's intention to charitably give and identifying potential donors beyond traditional socioeconomic and psychographic variables.

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Ethical Behaviors and Wealth: Generation Y’s Experience

Cited by 2 publications

References 40 publications

Consumer Motivation and Multilevel Marketing on Health Products

Consumer Motivation and Multilevel Marketing on Health Products

Financial Attitudes and Charitable Giving

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