Preparing Social Work Faculty to Teach Financial Capability: Where We Stand

Huang, Jin; Sherraden, Margaret S.; Johnson, Lissa; Birkenmaier, Julie; Loke, Vernon; Hageman, Sally A.

doi:10.1080/10437797.2020.1714524

Cited by 12 publications

(9 citation statements)

References 33 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…, 2015). Social work faculty are most likely to teach about financial-related public policies and programs and least likely to teach about financial products and services, and financial management and practice (Huang et al. , 2020).…”

Section: Propositions and Synthesesmentioning

confidence: 99%

Financial capability: a systematic conceptual review, extension and synthesis

Xiao

Huang

Goyal

et al. 2022

IJBM

Self Cite

View full text Add to dashboard Cite

PurposeThis study aims to examine the literature on consumer financial capability. By analyzing the research trends, theories, definitions and themes, the literature on financial capability is synthesized, and agenda for future research is suggested. A framework is presented that portrays the antecedents as well as the outcomes of financial capability and their interlinkages.Design/methodology/approachFollowing a systematic approach, the review is based on 215 articles published during January 2007 and–March 2022, retrieved from Scopus. It presents the definitions and theories of financial capability, publication trends, influential articles, prominent authors, prolific journals and countries publishing on financial capability. Using bibliographic coupling, the intellectual structure of the topic is explored, along with offering a framework through content analysis.FindingsThe bibliographic coupling analysis identifies four major clusters of research themes and capability theory appeared to be the most prominent theory. The synthesis draws upon five conceptual definitions of financial capability. Based on the discussion, in this review, financial capability is defined as an individual ability to apply appropriate financial knowledge, perform desirable financial behaviors and take available financial opportunities for achieving financial well-being. A conceptual framework delineates the synthesized literature and propositions based on this framework and relevant research are proposed. Finally, directions for future research are discussed.Originality/valueThis paper is an attempt to offer a comprehensive synthesis of the scholarship on financial capability and its conceptualization. It further proposes an extensive future research agenda. The study has implications for financial services providers relating to retail bank marketing.

show abstract

Section: Propositions and Synthesesmentioning

confidence: 99%

Financial capability: a systematic conceptual review, extension and synthesis

Xiao

Huang

Goyal

et al. 2022

IJBM

Self Cite

View full text Add to dashboard Cite

show abstract

“…As a consequence, the association may not flow from predictors but rather reverse. Third, the indicators used in that research are subject to recall or social comparison bias, which points to the necessity to use mixed-method approach including well-controlled field experiments (RCT) to confirm causality between financial capability and its key predictors (see Huang et al, 2021). The last argument is strengthened by Starr (2014), who claimed that "there has been a small explosion in the use of quantitative approaches in the past 10-15 years, including 'mixed method projects' that use qualitative and quantitative methods in combination" (p. 238).…”

Section: Limitationsmentioning

confidence: 99%

“…The concept of financial capability is a relatively new idea that has developed over the last two decades within consumer finance (Atkinson et al, 2007;Johnson & Sherraden, 2007;Kempson et al, 2005;Sherraden, 2013;Taylor, 2011;Xiao et al, 2014), social work (Birkenmaier et al, 2016;Caplan et al, 2018;Huang et al, 2021;Sherraden & Ansong, 2016) and family studies (Despard et al, 2020;Nam et al, 2015;Serido et al, 2013;Shim et al, 2013). Financial capability describes many, sometimes very different and interrelated concepts, including financial literacy, financial knowledge, financial skills, financial self-efficacy, financial behavior, financial capacity, financial outcomes, financial access, financial resilience, and financial satisfaction.…”

Section: Introductionmentioning

confidence: 99%

What Factors Predict a Positive Change in a Consumer’s Financial Capability over Time? The New Evidence from Poland

Potocki

Białowąs

2022

J Fam Econ Iss

View full text Add to dashboard Cite

Despite the significant attention that financial capability has received in the last 20 years, many of its aspects are poorly understood, and the term itself is ambiguously defined. Consequently, different measures of financial capability are used in empirical research creating a tendency to let the data dictate the conceptualization of the financial capability itself. This creates concerns about the reliability of the general findings for countries in Eastern Europe such as Poland. Therefore, the following study is carried out to address these limitations and contribute to the advancement of the literature on financial capability, first, by extending the mainstream of the theoretical work on financial capability with the conceptual proposition framed within Sen’s Capability Approach; second, by proposing the measurement model of financial capability; and third, by using data from the Polish household panel study, Social Diagnosis (SD), to identify factors which predict a positive change in consumer’s financial capability over time. Across these three aims, we found that higher income was a key predictor and substantially improved financial capability in Poland. We also showed the strong and positive link between financial capability and all included psychological variables. Our findings also highlighted the differential impact of demographic variables on financial capability. The findings of this study yield implications for scholars who would like to analyze financial capability in transition or developing countries, but are constrained by limited financial resources to create their own database or have no access to national financial capability studies.

show abstract

“…Más aún considerando los desafíos de justicia económica que la práctica del Trabajo Social busca promover (Sally, 2019). En un reciente trabajo, Huang et al (2020) proponen la noción de "capacidad financiera" para pensar, desde un enfoque crítico, las relaciones entre comportamientos individuales y la estructura social que produce el endeudamiento, reconociendo de esta forma las raíces históricas, la opresión institucional y la distribución del poder que se requiere transformar para lograr la inclusión financiera, sin dejar de lado los requerimientos de las personas para mejorar su comprensión y capacidad financiera.…”

Section: La Ambivalencia De La Deuda Y La Exigencia Del Calculo Racionalunclassified

Pensar la economía más allá de la moral y de la racionalidad instrumental

Pérez-Roa

2021

PNI

View full text Add to dashboard Cite

En un contexto altamente financiarizado, la adquisición de créditos de consumo y el aumento del endeudamiento de los hogares se han instalado como una nueva normalidad, en este artículo busca interrogar las narrativas con las cuales popularmente se entiende las prácticas del consumo y endeudamiento. Nos interesa problematizar las categorías morales y la predominancia de la dimensión instrumental/racional con las que se interpretan estas prácticas económicas, de manera de deshilvanar las implicancias de estos usos en los procesos de intervención que actualmente se desarrollan al alero de los programas de educación financiera.

show abstract

Preparing Social Work Faculty to Teach Financial Capability: Where We Stand

Cited by 12 publications

References 33 publications

Financial capability: a systematic conceptual review, extension and synthesis

Financial capability: a systematic conceptual review, extension and synthesis

What Factors Predict a Positive Change in a Consumer’s Financial Capability over Time? The New Evidence from Poland

Pensar la economía más allá de la moral y de la racionalidad instrumental

Contact Info

Product

Resources

About