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Author: Mullis, Randolph J.
Resulting in 2 citations.
1. Mullis, Randolph J.
Dynamics of Household Saving Behavior
Ph.D. Dissertation, University of Missouri - Columbia, 1984
Cohort(s): Older Men
Publisher: UMI - University Microfilms, Bell and Howell Information and Learning
Keyword(s): Assets; Behavior; Household Income; Life Cycle Research; Retirees; Retirement; Social Security

The purpose of this research was to identify the correlates of household behavior. Factors related to both the level of savings at several points in time and saving behavior over time were explored. Four cross section analyses and three longitudinal analyses were conducted to identify the correlates of household saving(s). Development of a conceptual framework, the Household Economic Activity Model (HEAM), provided theoretical organization for the analyses. Concepts from the Permanent Income Hypothesis, and Life Cycle Income Hypothesis were operationalized together with propositions developed out of the HEAM in order to explore factors related to household saving(s). Four waves of NLS data, (1966, 1971, 1976, and 1981), gathered from the Older Men cohort, were used in the analyses. The objectives of the study included: to identify the associations between cross section values of household socioeconomic variables and household savings at each point of data collection; and to identify the relationships between socioeconomic characteristics of households, and changes in them, and household saving behavior over time. Three levels of analyses were performed. First, a simple descriptive analyses of the dependent variables, net assets and change in net assets, were partitioned by age groups in order to examine trends over time. Next, several multiple regression models were developed to identify the correlates of savings. Lastly, two different statistical techniques were used to explore saving behavior over time: the first, a two stage least-square technique utilized to avoid auto-correlated error terms; and the second, an ordinary least-squares model which incorporated raw change variables together with corresponding base period static variables. The findings: (1) raised serious questions about the life cycle income hypothesis because evidence abounded suggesting that retirees do not dissave; (2) identified interesting differences between private pension eligibility and social security eligibility as they relate to saving(s); (3) provided vital information about treating cross section findings in a temporal manner; (4) pointed out the impact of macro-economic phenomena on household economic behavior; and (5) suggested the possibility that respondents save less in response to higher interest rates.
Bibliography Citation
Mullis, Randolph J. Dynamics of Household Saving Behavior. Ph.D. Dissertation, University of Missouri - Columbia, 1984.
2. Mullis, Randolph J.
Measures of Economic Well-Being as Predictors of Psychological Well-Being
Social Indicators Research 26,2 (March 1992): 119-135
Cohort(s): Older Men
Publisher: Springer
Keyword(s): Economic Well-Being; GED/General Educational Diploma/General Equivalency Degree/General Educational Development; Income; Income Dynamics/Shocks; Well-Being

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

Uses data from the National Longitudinal Surveys Mature Male cohort for 1976 to explore the relationship between economic well-being (EWB) and psychological well-being (PWB). This research indicates that a comprehensive measure of EWB based on permanent income, annualized net worth, and household economic demands performs better as a predictor of PWB than conventional measures of EWB, particularly current reported income. Statistically, the results are significant, yet the percentage of PWB variance explained by the measures of EWB is very small. The average level of happiness varied only a small amount across quintile categories of each of the measures of EWB (i.e., a substantial number of Ss in the lowest and next lowest quintiles of the measures of EWB expressed as high a level of happiness as Ss in the upper 2 quintiles of EWB). (PsycINFO Database Copyright 1992 American Psychological Assn, all rights reserved).
Bibliography Citation
Mullis, Randolph J. "Measures of Economic Well-Being as Predictors of Psychological Well-Being." Social Indicators Research 26,2 (March 1992): 119-135.