Evidence map›Paper›PMID 34840487›Full record

ArticleJournal of family and economic issues2022

The Psychology of COVID-19 Economic Impact Payment Use.

Sarah D Asebedo, Taufiq Hasan Quadria, Blake T Gray, Yi Liu

Abstract read
In one paragraph

Article in Journal of family and economic issues, 2022. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 3 papers.

0numbers the graph read from it
0cells of the map it votes in
3citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

3 citing papers in PubMed.

  1. Article
  2. Article
  3. Article
4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

4 authors.

Sarah D AsebedoSchool of Personal Financial Planning, College of Human Sciences, Texas Tech University, 1301 Akron Street, Box 41210, Lubbock, TX 79409-1210 USA.ORCID 0000-0002-8680-5031
Taufiq Hasan QuadriaSchool of Personal Financial Planning, College of Human Sciences, Texas Tech University, 1301 Akron Street, Box 41210, Lubbock, TX 79409-1210 USA.
Blake T GraySchool of Personal Financial Planning, College of Human Sciences, Texas Tech University, 1301 Akron Street, Box 41210, Lubbock, TX 79409-1210 USA.
Yi LiuDepartment of Accounting & Finance, School of Business, St. John Fisher College, 3690 East Ave, Rochester, NY 14618 USA.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

This study investigates how American adults' personality and financial self-efficacy (FSE) beliefs contributed to how they used their COVID-19 CARES Act Economic Impact Payment (EIP) for spending needs, spending wants, and financial transactions (save, invest, debt repayment). The results from a sample of 1172 Amazon MTurk users collected in July 2020 suggest that both personality traits and FSE beliefs were associated with EIP use. Specifically, this study finds that FSE and conscientiousness emerged as the most robust predictors of EIP use across all categories of financial behavior with a greater allocation of EIP funds to saving and less to spending needs and debt repayment. Additionally, greater FSE is associated with investing, while greater conscientiousness is connected to more spending on wants. The results suggest that saving habits associated with personality and FSE persist in a crisis environment, and pre-crisis preparedness may allow for greater spending flexibility on wants. Significant relationships were also found for openness, extraversion, agreeableness, and neuroticism. The findings highlight how people use unexpected financial windfalls during crises and uncertainty and how personal characteristics contribute to this decision making. Supplementary Information: The online version contains supplementary material available at 10.1007/s10834-021-09804-1.

Indexed as

Big five personality traitsCARES ActCOVID-19Economic impact paymentsFinancial self-efficacySpending needs and wants

Identifiers

PMID34840487
PMCPMC8605780

What OpenQuestion holds

Textmetadata
Read underepoch 390

Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.