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Author: Rabbani, Abed G.
Resulting in 2 citations.
1. Rabbani, Abed G.
Cash Value Life Insurance Ownership among Young Adults: The Role of Self-Discipline and Risk Tolerance
Journal of Behavioral and Experimental Finance published online (23 July 2020): 100385.
Also: https://www.sciencedirect.com/science/article/pii/S2214635020300496
Cohort(s): NLSY97
Publisher: Elsevier
Keyword(s): Assets; Insurance; Risk-Taking; Self-Control/Self-Regulation

Cash value life insurance (CVLI) is a risk management tool that provides not only a life cycle protection but also a cash value accumulation potential. This study used the behavioral life cycle hypothesis as a theoretical framework and investigated the role of self-discipline and risk tolerance on CVLI ownership of young adult households aged 26-30. A logistic regression model was used to analyze the National Longitudinal Survey of Youth 1997 (NLSY97) that surveyed Americans born between 1980 and 1984. The results showed that the likelihood of owning CVLI increased with self-discipline and decreased with risk tolerance.
Bibliography Citation
Rabbani, Abed G. "Cash Value Life Insurance Ownership among Young Adults: The Role of Self-Discipline and Risk Tolerance." Journal of Behavioral and Experimental Finance published online (23 July 2020): 100385.
2. Rabbani, Abed G.
Yao, Zheying
Wang, Christina
Does Personality Predict Financial Risk Tolerance of Pre-Retiree Baby Boomers?
Journal of Behavioral and Experimental Finance 23 (September 2019): 124-132.
Also: https://www.sciencedirect.com/science/article/pii/S2214635019300358
Cohort(s): NLSY79
Publisher: Elsevier
Keyword(s): Financial Behaviors/Decisions; Personality/Big Five Factor Model or Traits; Risk-Taking

Financial risk tolerance is an important concept that helps financial planners recommend financial products to their clients. As the baby boomer generation approaches retirement, research to determine how these individuals perceive financial risk tolerance has grown exponentially. The present study examines the relationship between financial risk tolerance and the Big Five personality traits (also known as the Five-Factor Model), which include extraversion, agreeableness, conscientiousness, emotional stability, and openness to experience, in the baby boomer generation. We argue that the influences of Big-five personality traits are consistent in baby-boomer generation. We find that baby boomers with a higher degree of extraversion, emotional stability, and openness to experience are more risk tolerant, while those with a higher degree of agreeableness and conscientiousness have lower risk tolerance.
Bibliography Citation
Rabbani, Abed G., Zheying Yao and Christina Wang. "Does Personality Predict Financial Risk Tolerance of Pre-Retiree Baby Boomers?" Journal of Behavioral and Experimental Finance 23 (September 2019): 124-132.