The influence of physiological stress on readiness to change and goal development

Peer-Reviewed Journal ArticlePublications
Britt, S. L., Lawson, D. R., & Haselwood, C. A. (2016)
Journal of Financial Planning, 29(12), 45-51.

Individual estimates of life expectancy and consumption patterns

Peer-Reviewed Journal ArticlePublications
Lawson, D. R., & Heckman, S. J. (2017).
Financial Services Review, 26(1), 1-18.

Abstract:
Previous research reveals a paucity of retirement preparedness in the United States. With the shift to defined contribution plans, retirement planning now falls on the shoulders of consumers. Using the 2013 Survey of Consumer Finances (SCF), the relationship between subjective life expectancy and consumption is investigated. Specifically, regression analyses examine the relationship between subjective life expectancy and three indicators of consumption: financial assets, credit card debt, and saving behavior. A secondary analysis separated respondents near retirement (i.e., within 10 years) and far from retirement (i.e., more than 10 years) to determine if retirement saliency affects the relationship between life expectancy and consumption. The influence of life expectancy on consumption is analyzed by separating life expectancy into two periods: remaining work life and retirement life. Results indicate that remaining work life expectancy and retirement life expectancy are associated with financial assets and that retirement life expectancy is associated with savings behavior.

Integrating behavioral finance, financial psychology, and financial therapy theory and techniques into the financial planning process.

Peer-Reviewed Journal ArticlePublications
Lawson, D. R., & Klontz, B. T. (2017).
Journal of Financial Planning, 30(7), 48-55.

Tightwads and Spenders: Predicting Financial Conflict in Couple Relationships

Peer-Reviewed Journal ArticlePublications
Britt, S. L., Hill, E. J., LeBaron, A., Lawson, D. R., & Bean, R. (2017).
Journal of Financial Planning, 30(5), 36-42.