The Power of Love: Emotional Support and Financial Hardship

UNIVERSITY OF TECHNOLOGY SYDNEY
Finance Department
Research Seminars in Finance

Topic: The Power of Love: Emotional Support and Financial Hardship

Speaker: Da Ke, University of South Carolina

Abstract: Using microdata from two complementary U.S. household surveys, I document that individuals with strong emotional support from family and friends are less likely to experience  financial hardship. This pattern is stronger for women as well as for those prone to anxiety and depression. I further show that better mental health accounts for a substantial portion of the buffering effect of emotional support. Overall, these findings highlight the importance of the psychological dimension of social networks in shaping household  financial outcomes.

Moderator: Jing Xu, University of Technology Sydney

Date: Wednesday, 18th November 2020
Time: 9-10 am (Australian Eastern Daylight Time)
Venue: This is on online Zoom webinar.

Seminar protocols:

  • The webinar will run for 45 minutes, followed by a 15 minute Q&A session.
  • There will be a moderator for each seminar event, who will facilitate communication and resolve any technical issues.
  • Participants can use the chat facility or raise their had to ask questions during the presentation. The moderator will then alert the speaker at the appropriate time and either ask the questions raised or unmute the participant so they can ask the question directly to the presenter.

Co-ordinator: Harry Scheule

Enquiries: Duncan Ford

Back to Finance seminars
Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people, upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.