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Author: Liao, Chi
Resulting in 1 citation.
1. Liao, Chi
ADHD Symptoms and Financial Distress
Review of Finance 25,4 (July 2021): 1129-1210.
Cohort(s): Children of the NLSY79, NLSY79 Young Adult
Publisher: Oxford University Press
Keyword(s): Attention/Attention Deficit; Financial Behaviors/Decisions

Permission to reprint the abstract has not been received from the publisher.

We examine the effect of attention-deficit/hyperactivity disorder (ADHD) on individual-level financial distress. ADHD is the most common mental disorder among children and is characterized by behaviors such as inattention, hyperactivity, and impulsiveness that interfere with school and home life. In a representative panel, we find that individuals with more severe ADHD symptoms during childhood have more difficulty paying bills and are more likely to be delinquent on bill payments in adulthood. Further, those with more severe symptoms are less likely to have precautionary savings and more likely to have to delay buying necessities. These effects exist across the full range of ADHD symptom scores and are not driven by the most severe cases of ADHD; this is consistent with recent evidence that ADHD symptoms occur on a continuum. Preliminary evidence suggests that medication for behavioral issues may mitigate the effect of ADHD symptoms on financial distress.
Bibliography Citation
Liao, Chi. "ADHD Symptoms and Financial Distress." Review of Finance 25,4 (July 2021): 1129-1210.