State-of-the-Art: A Systematic Review of the Literature on Financial Well-Being

Abstract

This paper aims at presenting a systematic review of the literature based on the state of the art of research on financial well-being. We systematized a research protocol based on the works developed by Tranfield, Denyer, and Smart (2003), Kitchenham (2004), and Zupic and Čater (2015), to contribute to scientific knowledge about financial well-being, consistent with the methodological rigor required in RSL, which resulted in the composition of the research corpus. We search on the Scopus and Web of Science databases. The analysis includes all international publications between 1960 and 2018, comprising a total of 78 articles. Our results show that the financial well-being (demographic and socioeconomic variables, such as sex, ethnicity, age, income, education, and marital status), in addition to behavioral factors (attitude towards debt and financial literacy), may be indicative of theoretical gaps. We also evidenced that researchers have expended efforts on research involving the decision-making process in finance as a factor influenced by the satisfaction of people's lives.

Using item response theory in the assessment of the financial well-being scale: an application in Brazil and India

“…The incidence of retirement plans and investment decisions in previous years of their lives leave senior citizens in a better actual and perceived financial state (Dickason-Koekemoer and Ferreira, 2019). Kreutz et al (2021) have also suggested why younger people perceive their financial situation to be less than satisfactory: their higher material aspirations and needs push their spending habits beyond their earning capacities. Age is seen to have an inverted U-shaped relationship with FWB since middle-aged people are more prone to financial problems (O'Neill et al, 2005).…”

Revisão sistemática de literatura? Depende! Limites de procederes quantitativos de análise de literatura na área de Administração

“…Nos últimos anos, o campo acadêmico-científico da área de Administração e afins tem acompanhado a disseminação de procederes sistemáticos de levantamento e análise bibliográfica, tais como a Revisão Sistemática de Literatura (RSL), a Revisão Integrativa de Literatura (RIL), a Bibliometria e a Meta-Análise (Zupic & Čater, 2015;Cooper, 1986;Tranfield, Denyer & Smart, 2003;Üsdiken & Pasadeos, 1995;Vlačić, Corbo, Silva & Dabić ć, 2021). O uso destes métodos e de outros similares supõe, a partir das argumentações apresentadas pelos seus usuários, a garantia de rigor e abrangência na cobertura da literatura acadêmico-científica de determinado tema de interesse, sendo considerado por muitos como estratégias adequadas para se levantar o estado da arte 1 (Martins, 2021;Kreutz et al, 2020;Cooper, 1982;Vlačić, Corbo, Silva & Dabić, 2021). Tais procederes também são adotados com a promessa de se produzir sínteses de todo conhecimento já gerado sobre o assunto, dando a pesquisador a segurança de que sua pesquisa será relevante e contributiva para o campo, já que, se pensada a partir de tal levantamento, indicará possíveis lacunas e caminhos esperados pela comunidade científica (Zupic & Čater, 2015;Cooper, 1982;Pursell & McCrae, 2020).…”